AGL to spin off PNG stake

Australia's AGL Energy has agreed to sell its oil and gas interests in Papua New Guinea for $800 million to an unnamed international oil and gas company, to reposition itself in its home market, the company said today.

Pulling out: oil exploration in PNG
Pulling out: oil exploration in PNG
Published 30 October 2008, 01:06Updated 10 October 2016, 09:17
Asia & Oceania