MRDC looking at creating opportunities

Business

A NEW service station opened at Hohola in Port Moresby is a result of creating opportunities for mineral resources beneficiaries to maximise participation, according to the Mineral Resources Development Company (MRDC).
MRDC group managing director Augustine Mano said this the investment was a testament of creating opportunities for its beneficiaries to maximise their participation in the energy supply value chain, which includes retail fuel supply.
“It is a landmark investment, opposite Hilton Hotel, which complements Star Mountain precincts,” he said.
“Our mandate is to invest part of the cash benefits landowners and benefitting provincial governments receive each year from mineral resource extraction.”
Mano noted that there was a strong growth in this business for the long-term with Port Moresby continuing to grow and the economy expanding through business investments with strong partnerships.
He acknowledged Mobil New Guinea and ExxonMobil for their ongoing partnership that benefited the wider downstream side of the oil and gas sector.
ExxonMobil PNG managing director Andrew Barry said building strong relationships with community organisations to deliver programmes that supported social growth and set businesses up for success was just as important as the product.
“What’s really important for us is to continue to invest in entrepreneurship and SMEs (small medium enterprises) because they are the backbone of this country,” Barry said.
“And again, employment is what helps improve the standard of living in the country.
“And we at ExxonMobil, are happy to be a part of this partnership and investment.”
Barry added that Mobil Oil New Guinea had been in the country for over 100 years supplying fuel and lubricants in the New Guinea Islands egion, up to the Highlands and through all its distributor partners.
Western Governor Taboi Awi Yoto, who witnessed the opening, acknowledged MRDC for investing in the service station and other investments such as the Hilton Hotel.

3 comments

  • Great investment Star Mountains for the resource landowners in Western Province of PNG.

    Copper, oil, gas etc. are non-renewable resource which one day will RUN OUT so this is a GREAT VISION by the leadership of the resource owners in Western Province for the FUTURE of their people.

    Well done and a great example set for other resource landowners.

  • How about Pogera land owners? Do they have any long term investment like this in the country for their future generations after the mine exhausted?

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