Clough wins contract to build Papua New Guinea's first oil refinery

15-04-02 Australian engineering company Clough's Papua New Guinea arm, InterOil, has won a contract to build the Pacific nation's first oil refinery, expected to cost $ 384 mm ($ 204 mm).

Work on the project, across the harbour from Port Moresby, is set to begin immediately, with the refinery due to be operational in late 2003, InterOil chairman and CEO Phil Mulacek said. Mulacek said the refinery will process 32,500 bpd of crude oil to supply the PNG domestic market, leaving about 35 % of the volume available for export.