30 Oct 2008

Samoa supports principles of Pacific Petroleum Project

11:38 am on 30 October 2008

Samoa says it supports in principle the Pacific Petroleum Project - the scheme to try and secure fuel in bulk at cheaper rates - but it wonders if it would benefit.

At the Pacific Islands Forum Economic Ministers Meeting this week in Port Vila, three countries, Nauru, Tuvalu and the Cook Islands signed a memorandum of understanding launching the Project.

Solomon Islands has backed it but needs Cabinet approval before signing while Samoa's Finance Minister, Niko Lee Hang, says his country needs to be convinced there is value for them in the scheme.

"What benefits are we going to get from this regional procurement arrangement? As we stand now, most of the time if we compare prices to New Zealand, Australia and Fiji, most of the time our prices are cheaper than theirs."