The 16th PNG Mining and Petroleum Investment Conference ended yesterday with key government departments explaining the steps investors need to take in order to come into the country to conduct business.
PNG Chamber of Mines and Petroleum President, Anthony Smare says the conference is a major success with participation at an all-time high despite the impact of COVID-19 in the last three years.
The 16th PNG Mining and Petroleum Conference and Exhibition has provided the industry and associated professionals, with an invaluable opportunity to network and market Papua New Guinea as a destination for business and potential investment.
The conference also highlighted that State representatives play an extremely important role as stakeholders in all existing and upcoming resource projects in Papua New Guinea.
With the shift in focus toward national content, presentations by both Minister for Mining Sir Ano Pala and Minister for Petroleum, Kerenga Kua, national content and the government policies around it, would guide the direction of future aspirations.
Minister Kua says PNG’s petroleum sector is in a robust state with 94 active licenses.
With 58 prospecting licenses and 10 PDLs, he believes this is a good starting point for Papua New Guinea, heading into the future.
The potential for future projects within the resources industry is a drawing point for investors to PNG.