Monday 13 April 2015

PNG: Papua New Guinea in talks to raise billions to fund oil and gas plans

Otmane El Rhazi from Energy-pedia regional news: Central & SE Asia / Australasia.



Papua New Guinea's National Petroleum Company (NPCP) said it is looking to raise billions of dollars to help fund new oil and gas projects, as the South Pacific country battles a sharp slump in forecast revenue from a plunge in prices for the commodities.

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