In a significant development for Papua New Guinea's energy landscape, Kumul Petroleum Holdings Limited (KPHL) is spearheading the construction of a state-of-the-art K100-million Jet A1 fuel import and storage facility. This project is strategically located adjacent to the Motukea Wharf outside Port. . The United States has awarded a $400 million contract, equivalent to 1. This initiative, managed by the Department of Defense, will provide storage for over 1. 6 million barrels of. . to supply Port Moresby starting in 2020. Defense Department is funding a $400 million fuel storage facility in Papua New Guinea as part of the growing military ties under a 2023 defense agreement between the two countries.
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The United States has awarded a $400 million contract, equivalent to 1.6 billion Kina, for the construction of a large fuel storage facility near Port Moresby Harbor in Papua New Guinea. This initiative, managed by the Department of Defense, will provide storage for over 1.6 million barrels of fuel.
US Ambassador Ann Marie Yastishock announced that the investment was initiated in response to a formal request from the PNG Government. She highlighted that the facility would not only meet the country's fuel storage demands but also enhance the diversity of fuel options available in the market.
On Friday, the U.S. Army wrapped up the two-week Tamiok Strike exercise in the capital city of Port Moresby and several other locations. Among the training events were staff planning exercises, medical training, infantry tactics drills and a construction project.
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