Pacific Islands Monthly
The news magazine of the South Pacific · since 1930
Pacific Islands Monthly, 1 March 1991Vol. 61, No. 3

Oil refinery finance sought

p. 34 · Read in the full issue

Page 3434

TONGA is to seek overseas finance to build an oil refinery aimed at reducing costs of importing fuel and exporting refined petroleum product to other island nations including Western Samoa, New Caledonia and French Polynesia.

King Taufa’ahau Tupou IV an-

nounced the project after meeting with an Iranian entrepreneur, Houssain MoustofTi, and two United States engin eers. The cost is estimated at TlO million (USSB.3 million) and earnings have been projected at T 5500,000 a day.

It is proposed that crude oil would be fr ° m Arab ‘ a ’

Digitised by the National Library of Australia · OCR text via GLAM Workbench · uncorrected OCR, expect errors
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