crude plant oil imports factory price in Papua New Guinea

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  • crude plant oil imports factory price in Papua New Guinea
  • crude plant oil imports factory price in Papua New Guinea
  • crude plant oil imports factory price in Papua New Guinea

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  • How much is palm oil in Papua New Guinea?
  • In 2023, the approximate price range for Papua New Guinea Palm Oil is between US$ 0.59 and US$ 0.75 per kilogram or between US$ 0.27 and US$ 0.34 per pound (lb). The price in Kina is PGK 2.13 per kg. The average price for a tonne is US$ 593.54 in Lae and Port Moresby. Papua New Guinea's import price for palm oil in 2019 was US$0.74 per kg.
  • Which countries export palm oil from Papua New Guinea?
  • The main destination of Palm Oil exports from Papua New Guinea are: India ($418M), Netherlands ($341M), United Kingdom ($179M), Malaysia ($58.8M), and Germany ($32.7M). The fastest growing export markets for Palm Oil of Papua New Guinea between 2021 and 2022 were India ($225M), United Kingdom ($82.6M), and Malaysia ($22.3M).
  • How much oil is produced in Papua New Guinea?
  • The average crude oil production in Papua New Guinea from 1993 to 2023 was 56.80 BBL/D/1K. Production reached an all-time high of 128.00 BBL/D/1K in February 1993 and a record low of 4.00 BBL/D/1K in March 2005.
  • When was the first oil refinery built in Papua New Guinea?
  • InterOil Corporation completed the construction of Papua New Guinea’s (PNG) first oil refinery early in 2004. Following an extensive commissioning and testing process the first shipment of crude oil to be processed at the facility arrived on 16 June 2004. BP Singapore is the exclusive agent for all of the crude oil to be supplied to the refinery.
  • What are Papua New Guinea's exports?
  • During the last five reported years the exports of Papua New Guinea have changed by $1.36B from $11.2B in 2018 to $12.5B in 2023. The most recent exports are led by Petroleum Gas ($5.59B), Gold ($1.85B), Copper Ore ($904M), Palm Oil ($843M), and Nickel Mattes ($578M).
  • Is there oil and gas exploration in Papua New Guinea?
  • Although the Petroleum Licence map shows licences covering much of the mainland in Papua New Guinea, many are inactive or largely inactive due to the significant slowdown in worldwide oil and gas exploration since the drop in oil price in 2014.

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