The Mineral Resources Development Company Limited (MRDC) and Mobil Oil New Guinea Limited, a subsidiary of Exxon Mobil Corporation, have signed agreements for a significant retail fuel partnership. The deal involves MRDC acquiring Mobil’s retail service station business across the National Capital District (NCD), Lae, and Madang. Alongside the acquisition, the companies will establish a long-term fuel supply and branding collaboration. This partnership aims to strengthen fuel distribution networks within Papua New Guinea. Details of the financial terms were not disclosed in the initial announcement. The agreement signifies a strategic move for both companies in the Papua New Guinea fuel market. Further information is behind a paywall on the Post Courier website.