MOBIL TALKS WITH SOLOMONS ABOUT CHANGE IN FUEL SUPPLY ARRANGEMENT

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PORT MORESBY, Papua New Guinea (November 17, 2001 - Post-Courier/PINA Nius Online)---Mobil Oil is holding discussions with the Solomon Islands government, including the possibility of the government taking over Mobil’s operations.

Mobil Oil Papua New Guinea managing director John Acraman said: "Mobil has recently conducted a review of its operations in the Solomon Islands and this review has concluded that Mobil should sell its assets in the Islands, but negotiate an appropriate basis for continuing supply of fuels and lubricants to the market.

"This may involve an agreement for the government to own and operate the fuel distribution network currently owned by Mobil, with Mobil committing to a competitively priced ongoing supply agreement," Mr. Acraman said.

"We believe this approach, which has been successfully used in a number of other markets, would work well for the Solomon Islands government and community."

For additional reports from The Post-Courier, go to PACIFIC ISLANDS REPORT News/Information Links: Newspapers/The Post-Courier (Papua New Guinea).

Pacific Islands News Association (PINA) Website: http://www.pinanius.org

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