Puma Enters Papua New Guinea With $526 Million InterOil Deal
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Puma Energy Holdings Pte acquired InterOil Corp.’s oil refinery, service stations and fuel terminals in Papua New Guinea for $526 million, marking its first investment in the Pacific nation.
Singapore-based Puma Energy, whose largest shareholder is commodity trader Trafigura Beheer BV, is also seeking to expand in Indonesia and build new fuel terminals in Myanmar, Ray Taylor, its general manager for Australia and Papua New Guinea, said today in a phone interview.