Petromin, Mitsui in joint project

PETROMIN PNG Holdings Ltd signed an agreement last Friday in Port Moresby with Mitsui & Co Ltd, Japan’s major trading company, to jointly undertake feasibility studies to identify and to set up new gas-resource based businesses.In a joint statement, Petromin managing director and chief executive Joshua Kalinoe and Shintaro Ambe, managing officer of Mitsui’s infrastructure projects business unit that their companies want to see downstream businesses established to create long-term job opportunities for Papua New Guineans.