PNG

InterOil sells downstream businesses for $525M

INTEROIL has announced the sale of its Papua New Guinea oil refinery and petroleum products distribution businesses to Singapore-based Puma Energy for $US525.6 million.

Alison Middleton

InterOil sells downstream businesses for $525M

The deal includes adjustments for cash and working capital and is intended to allow InterOil to focus on its higher-returning upstream and LNG business. InterOil's downstream businesses include the Napa...

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