Saturday 30 August 2014
 
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PNG

PNG to pay off $1.48bn Abu Dhabi bond

Papua New Guinea has decided to raise A$1.68 billion ($1.48 billion) to pay off a bond it issued to Abu Dhabi in 2009 instead of giving up a strategic stake in oil and gas producer Oil Search, a source familiar with the decision told Reuters on

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Agility signs PNG gold mine services deal

Kuwaiti logistics firm Agility has signed a deal worth up to $21 million to provide freight services for a project development by Lihir Gold Limited in Papua New Guinea (PNG). '(Agility will) provide freight management services for Lih

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Abu Dhabi's IPIC signs $700m loan

Abu Dhabi government-owned International Petroleum Investment Company has signed a $700 million, three-year loan to back its purchase of a 17.6 percent stake in Oil Search Ltd, banking sources close to the deal said. The bullet term loan i

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Abu Dhabi takes $1bn stake in Oil Search

Abu Dhabi's International Petroleum Investment Company (IPIC) has purchased a 17.6 percent stake, worth A$1.68 billion ($1.07 billion) in Oil Search Ltd, the company said. IPIC and the Papua New Guinea government, through its nominee,

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PNG to pay off $1.48bn Abu Dhabi bond

Papua New Guinea has decided to raise A$1.68 billion ($1.48 billion) to pay off a bond it issued to Abu Dhabi in 2009 instead of giving up a strategic stake in oil and gas producer Oil Search, a source familiar with the decision told Reuters on

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