interoil corp (IOC) Details

InterOil Corporation operates as an integrated oil and gas company in Papua New Guinea. The company operates in four segments: Upstream, Midstream, Downstream, and Corporate. The Upstream segment engages in the exploration, appraisal, and development of crude oil and natural gas structures in Papua New Guinea. The Midstream segment produces refined petroleum products, such as jet fuel, diesel, gasoline, naphtha grades, and low sulfur waxy residue at Napa Napa in Port Moresby, Papua New Guinea for the domestic market and for export. This segment also engages in the development of liquefaction and associated facilities in Papua New Guinea for the export of liquefied natural gas. The Downstream segment markets and distributes diesel, jet fuel, avgas, gasoline, kerosene, and fuel oil, as well as branded commercial and industrial lubricants, including engine and hydraulic oils in Papua New Guinea on a wholesale and retail basis. This segment also provides bulk storage, transportation distribution, aviation, wholesale, and retail facilities for refined petroleum products. The Corporate segment operates two vessels that transport petroleum products within Papua New Guinea and for export in the South Pacific region. The company provides petroleum products to retail service stations operating under the InterOil brand name and under independent brands; supplies petroleum products as a wholesaler to commercial clients; and operates aviation refueling facilities in Papua New Guinea. InterOil Corporation was founded in 1990 and is based in Cairns, Australia.

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