Petrochem MOU inked between Oil Search, Papua New Guinea govt, Itochu, Mitsubishi Gas Chemical Co

24-Nov-08

Oil Search has inked an MOU with the Papua New Guinea government, Itochu and Mitsubishi Gas Chemical Co to update a study on the feasibility of a petrochemical project in Papua New Guinea. The companies will work together and co-ordinate with the govt., to investigate all aspects of the development of a petrochemical industry and the associated benefits to the parties and PNG based on current economic conditions.