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Exxon confirms damage at Papua New Guinea pipeline project

|About: Exxon Mobil Corporation (XOM)|By:, SA News Editor

Exxon Mobil (XOM +2.3%) confirms some heavy equipment was damaged at its Angore gas pipeline construction project in Papua New Guinea amid ongoing unrest in the area, and is still assessing the impact on the project's work schedule.

The government declared a state of emergency in the Southern Highlands province a week ago and sent in troops after rioters went on a rampage protesting a failed court challenge to a provincial governor’s election.

The work at the Angore site is in support of the PNG LNG project, which was shut down for nearly two months after a February earthquake.

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