22 Nov 2013

Emerald Oil Limited in Solomon Islands keen to expand

11:08 am on 22 November 2013

The newly established fuel company, Emerald Oil Limited, is aiming to expand in future to cater for customers in the Shortland Islands in Solomon Islands, and in Papua New Guinea's autonomous province of Bougainville.

At the moment, the more than 400,000 US dollar fuel storage and distribution business at Butuburu island in Choiseul, Solomon Islands, can only cater for customers around the Taro township.

The facility has two 55,000-litre fuel tanks on the site plus oil pipes for ships, drum filling shade, office, and floating wharf.

The Solomon Star reports that Emerald Oil plans to put in another tank in the future, to meet the demand of customers as far as Shortland Islands and Bougainville.

It will supply 200-litre drums and 100 litre drums to customers at affordable prices.

The Solomon Star says because of Taro's close proximity to both islands, it makes it easy for people of Shortland and Bougainville to travel to Taro to get food supply, fuel and other stuffs.

It is expected to boost trade between these people in the remote Solomon Islands.