coconut oil refinery/refining machinery in Papua New Guinea

Coconut Oil in Papua New Guinea The Observatory

  • coconut oil refinery/refining machinery in Papua New Guinea
  • coconut oil refinery/refining machinery in Papua New Guinea
  • coconut oil refinery/refining machinery in Papua New Guinea
  • coconut oil refinery/refining machinery in Papua New Guinea

Coconut Industry: High domestic demand

PNG Oil Refinery Project Clough

Puma Energy Papua New Guinea APAC

Climbing the coconut value chain in the Pacific

  • When was the first oil refinery built in Papua New Guinea?
  • InterOil Corporation completed the construction of Papua New Guinea’s (PNG) first oil refinery early in 2004. Following an extensive commissioning and testing process the first shipment of crude oil to be processed at the facility arrived on 16 June 2004. BP Singapore is the exclusive agent for all of the crude oil to be supplied to the refinery.
  • Who owns the PNG oil refinery?
  • SPI owns a greater than 90% share of the oil refinery. It is also involved in oil and gas exploration and has interests in six petroleum prospecting licenses in PNG. The PNG government has supported this refinery project to reduce the country's dependence on foreign petroleum products.
  • How much coconut oil does Papua New Guinea import?
  • Imports In 2021, Papua New Guinea imported $24.4k in Coconut Oil, becoming the 173rd largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 832nd most imported product in Papua New Guinea. Papua New Guinea imports Coconut Oil primarily from: Fiji ($21.4k), India ($1.73k), and Malaysia ($1.25k).
  • What coconut products are exported from PNG?
  • The coconut products exported from PNG high-lighted in this report are copra, crude copra oil (CNO) and copra meal. Figure 6 shows the average export prices (FOB) of coconut products exported from PNG in this quarter. In this quarter, copra prices fluctuated.

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