Mineral Resource Development Company Ltd, Exxon Mobil Sign Jet Fuel Technical Services Agreement
By Tara Vele
On the sidelines of the 17th PNG Resources and Energy Investment Conference and Exhibition in Sydney, representatives of both The Mineral Resource Development Company Ltd (MRDC) and ExxonMobil signed a Jet Fuel Technical Services Agreement. MRDC Managing Director and CEO, Mr Augustine Mano, said the signing of the agreement unlocks the ability for MRDC to access ExxonMobil’s extensive regional technical expertise to assist the PNG Government in addressing the recurring domestic fuel supply issues.
“Building on our longstanding partnership with ExxonMobil, this agreement will help us increase the reliability of jet fuel in PNG. High-quality fuel would be imported from ExxonMobil’s Singapore refinery, be stored, and distributed from new tanks we will construct. This milestone marks another step towards helping secure our energy future,” said Mr Mano.
Chairperson and Managing Director of ExxonMobil PNG Ltd, Ms Tera Shandro, 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 petroleum 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,” said Ms Shandro.