PETROMIN NEWS

Petromin and Mitsui sign MOU to develop opportunities in Gas-Based industries

Caption: Petromin Managing Director and CEO, Joshua Kalinoe (right) and Mitsui General Manager, Second Projects Development Division, Motofumi Suzuki sign the accord on Friday 2nd July in Port Moresby at the Petromin Board Room. Witnessing the signing are senior members of Mitsui and Petromin.

Papua New Guinea’s national oil, gas & minerals company, Petromin PNG Holdings Limited, has signed an MOU on Friday in Port Moresby with Mitsui & Co Ltd, Japan’s major trading company, to jointly undertake feasibility studies designed to identify and establish new PNG businesses based on the country’s gas resources.
Petromin Managing Director and CEO, Joshua Kalinoe and Mr Shintaro Ambe, Managing Officer of Mitsui’s Infrastructure Projects Business Unit said in a joint statement that Petromin and Mitsui want to see downstream businesses established which will create long term employment opportunities for Papua New Guineans.