InterOil builds first refinery in Papua New Guinea

InterOil Corp., Cairns, Australia, is building a US$180 million hydroskimming refinery in Napa Napa, Papua New Guinea (PNG), on the western side of the Port Moresby Harbor (Fig. 2).This will be the first refinery in the country and the first refining project for InterOil, a company established in 1996 whose sole purpose was to finance and construct a niche market refinery in PNG. Click here to enlarge imageSince December 1998, InterOil has owned 99.97% of SP InterOil LDC (SPI), whose most significant project is the development of the new oil refinery. SPI owns a greater than 90% share of the oil refinery. It is also involved in oil and gas exploration and has interests in six petroleum p...

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