Puma snaps up more South Pacific downstream assets.

摘要

Sources report that InterOil, a vertically integration oil firm in Papua New Guinea, has agreed to sell its local refining and distribution assets to the Singapore-based company for $525.5MM. The assets in question included the 28K-b/d Napa Napa refinery in Port Moresby, in addition to 52 retail locations and 30 terminals, aviation sites, and fuel depots. Puma Energy will fund the purchase-its first investment in the country-exclusively with cash on hand and existing back facilities. 'This investment marks an important step in the execution of our region strategy and offers considerable synergy with our developments in Australia and the broader Pacific region," said Puma CEO Pierre Eladari. Acquisitions made Puma Australia's biggest fuel retailer in 2013, and the company has said it is interested in expanding in Myanmar and Indonesia as well.