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3 FAQs about Which company will invest in the Port Moresby energy storage project

How much money does Papua New Guinea need to build a fuel storage facility?

The United States has awarded a $400 million contract, equivalent to 1.6 billion Kina, for the construction of a large fuel storage facility near Port Moresby Harbor in Papua New Guinea. This initiative, managed by the Department of Defense, will provide storage for over 1.6 million barrels of fuel.

Why did the US invest in a fuel storage facility in PNG?

US Ambassador Ann Marie Yastishock announced that the investment was initiated in response to a formal request from the PNG Government. She highlighted that the facility would not only meet the country's fuel storage demands but also enhance the diversity of fuel options available in the market.

What happened at the tamiok strike exercise in Port Moresby?

On Friday, the U.S. Army wrapped up the two-week Tamiok Strike exercise in the capital city of Port Moresby and several other locations. Among the training events were staff planning exercises, medical training, infantry tactics drills and a construction project.

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