IN PHOTO: (L-R) ExxonMobil PNG Limited Chairperson and Managing Director Ms. Tera Shandro and Mineral Resources Development Company Managing Director & CEO Augustine Mano signing the agreement.
Representatives for the Mineral Resources Development Company (MRDC) and an ExxonMobil subsidiary signed a Jet Fuel Technical Services Agreement on the sidelines of the 2023 Papua New Guinea Resources & Energy Investment Conference this week in Sydney.
Augustine Mano, MRDC Managing Director and CEO, said this signing unlocks the ability for MRDC to access ExxonMobil’s regional technical experts to help the State address recurring fuel supply issues.
“Building upon our long-standing partnership with ExxonMobil, this agreement will help us to increase the reliability of jet fuel supply in PNG. High-quality fuel would be imported from ExxonMobil’s Singapore refinery and be stored and distributed from new tanks we will construct. “This milestone marks another step toward helping secure our energy future,” Mr Mano said.
Tera Shandro, Chairperson and Managing Director at ExxonMobil PNG Limited, stated that ExxonMobil has a rich history in not only the Upstream production of natural gas and oil, but also in the production of refined products like diesel and jet fuel.
“We are thrilled to be working with the State and MRDC to help them provide reliable, quality fuel products for Papua New Guinea,” Ms Shandro said.