Stock Report: InterOil Corp. (IOC) Report Updated: May 20, 2013 | Print This Page

InterOil Corporation operates as an integrated oil and gas company in Papua New Guinea. The company engages in the exploration, appraisal, and development of crude oil and natural gas structures. It has three onshore exploration licenses covering approximately 3.9 million acres in the Eastern Papuan Basin, northwest of Port Moresby, Papua New Guinea. The company also engages in the refining, producing, retailing, and wholesale of petroleum products, such as jet fuel, diesel, gasoline, naphtha, and low sulfur waxy residue. In addition, it markets and distributes avgas, kerosene, and fuel oil, as well as branded commercial and industrial lubricants, including engine and hydraulic oils on a wholesale and retail basis. The company provides petroleum products to retail service stations operating under the InterOil brand name and under independent brands; and supplies petroleum products as a wholesaler to commercial clients, as well as operates aviation refueling facilities throughout Papua New Guinea. Further, the company engages in the construction of liquefaction and associated facilities, as well as operates two vessels that transport petroleum products within Papua New Guinea and for export in the South Pacific region. InterOil Corporation was founded in 1990 and is based in Cairns, Australia.