The first delivery has been scheduled to meet the contractor’s schedule and will be local Kutubu Blend crude. A second crude oil shipment has also been scheduled for later in June and will subsequently be followed by regular shipments as the refinery moves towards full production.
“This has been an anxiously awaited event for InterOil, Papua New Guinea, and the surrounding region and we are extremely pleased with this outcome. We look forward to receiving this first cargo as we move towards completion of the project and full refining operations,” said Phil Mulacek, CEO of InterOil.
Mulacek previously said the refinery would be the largest revenue generating industrial project in PNG history, capable of underpinning new oil and gas exploration in PNG.
The majority of product from the refinery is secured by contracts with Shell Overseas Holdings Ltd. In addition to the refinery and retail assets, InterOil has commenced an extensive exploration program in Papua New Guinea.
