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Mobil Oil ready to grasp opportunities in PNG

Staff Reporter | 6:41 PM | |
THE fuel market in Papua New Guinea is showing steady growth and Mobil Oil New Guinea is well positioned to take advantage of new opportunities, a company spokesperson says.
Mobil Oil New Guinea is subsidiary of ExxonMobil and gets majority of fuel supply from the US giant’s refinery in Singapore.
Mobil has been marketing petroleum fuels and other refined products in PNG since 1922 and today accounts for around 30 to 35 per cent of the market.
A company spokesperson said: “Our business supplies and distributes Mobil fuel products from terminals in Port Moresby, Lae and Madang.
“Mobil provides fuels to retail sites for motorists throughout the country through our branded distributor Islands Petroleum and smaller non-branded distributors.”
Last October, Mobil Oil New Guinea Ltd announced securing a long-term fuel supply arrangements with RH for a new service station.
Country manager Frank Tudic said: “It (pump system) is a first class set up and we’re looking forward to the second one.
“I think it is the first new service station in twenty years in maybe the whole country and we hope this is the first of many similar service station to be establish.”