2 Dec 2010

PNG company signs a lucrative deal with Bahrain

12:09 pm on 2 December 2010

The PNG Landowner company HIDES Gas Resources Limited, HGRL has signed a lucrative business deal with a multi-million dollar company from Bahrain in the middle-east.

HGRL, through its chairman Willy Wandiya signed the memorandum of understanding with Mohammed Jalal & Sons, a diversified multinational company which will provide financial and technical expertise and be partners in development in the PNG LNG project.

The Post Courier newspaper reports Mr Wandiya visited the Kingdom of Bahrain last week to secure financial assistance to develop its business interests in PNG.