doubtful again
p. 33 · Read in the full issue
Oil deal looks doubtful again
THE three oil companies operating in Fiji - Shell, Mobil and British Pet roleum say they won’t finalise an agreement with the government-owned
Fiji National Petroleum Company
(FINAPECO) until the Rabuka gov ernment clarifies its posiiton on the new arrangement.
Shell general manager Josaia Mar, said it would be prudent to find out the position of the new government.
In the lead-up to the general elecitons, prime minister Sitiveni Ra buka, had said he wanted a re examination of the supply arrangement with FINAPECO.
The company is to buy 10,000 barrels of crude from Malaysia a day for refining in Singapore and distri bution in Fiji and the South Pacific.
Mar says the agreement may not be “sufficiently good” for the consumers, but the three companies have main tained they should be able to pass on the extra costs. □