DECISION 40 OF 2016: PACIFIC OIL AND FUEL HUB TERMINAL PROJECT


Council of Ministers (COM) met for its seventh (7th)) ordinary meeting of on Wednesday 30 March 2016

 

Then, Council of Ministers noted above decision as follows, COM:

 

  • Acknowledges Netoil company’s investment in Vanuatu as approved by VIPA and VFSC and requests proper and detailed feasibility study with financial projection and consultation with the regional Council of regional organisations in the Pacific (CROP) agencies in particular Secretariat of the Pacific community which monitors petroleum activities in the Pacific;

 

  • Request that Netoil submit final proper and detailed feasibility study to Government and Government will decide accordingly

 

  • Instructs Provinces with the help of the Ministry of Internal affairs to come up with Zoning plans of the respective 6 Provinces

 

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