PNGEITI

Improve setback to resource payments: PNGEITI

In a statement, head of the PNG Extractive Industry Transparency Initiative (EITI), Lucas Alkan, said reports indicate that a generation of resource projects will boost PNG’s economy on a massive scale however, many mistakes and setbacks needed to be rectified.

Alkan made the comments when responding to comments by Oil Search managing director Peter Botten about the systems hindering PNGLNG landowners’ access to benefits in a timely manner.

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PNGEITI: Reveal contracts, licences for transparency

According to the PNGEITI 2014 Report, resource extraction contracts and licences remain confidential information despite interest groups seeking to change for greater transparency.

The report states that details of contracts and licences are protected by confidentiality provisions in Section 163 of the Mining Act, Section 51 of the Mineral Resource Authority (MRA) Act and Section 159 of the Oil and Gas Act, which are held and maintained by the Solicitor General’s Office.

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PNGEITI: Contracts still remain confidential

Section 163 of the Mining Act, Section 51 of the Mineral Resource Authority Act and Section 159 of the Oil and Gas Act protect the confidentiality of these contracts.

Without Legislative amendment at this stage, agreements could only be made public with the approval of both the company and the Department of Petroleum and Energy, or the Mineral Resources Authority.

Civil Society organisations have called to have this changed in the interest of greater transparency.

PNGEITI hails oil and gas companies

In a statement, PNGEITI Head of Secretariat, Lucas Alkan, said “Such disclosure by leaders in Oil and Gas companies in the country goes to show that they are investing with the true spirit of transparency and accountability and this is what EITI is all about.”

During Oil Search’s 2017 Annual General Meeting, Managing Director, Peter Botten, announced that according to their data, they have only tapped into 40 per cent of Oil and gas resources.

Botten revealed that an untapped oil reserve of seven billion barrels remained.

PNGEITI capacity building timely, says Puiye

Acting Secretary of the Department of Petroleum and Energy, Kepsy Puiye, said this during the signing ‘Improving Resource Related Revenue Management Project,’ between the PNG Extractive Industries Transparency Initiative (PNG EITI and the Japan International Cooperation Agency (JICA).

Puiye said the project was timely give the expansions of resource projects in the country. He cited mining and petroleum as the expansion sectors.

Transparent extractives sector good for development

The begin to realise this, a three-day workshop hosted by the Pacific Leadership and Governance Precinct and the Papua New Guinea Secretariat of the Extractive Industries Transparency Initiative (PNGEITI) was held in Port Moresby last week.

The workshop is to strengthen the way in which revenue from the industry is managed through improved transparency and ethical leadership in the sector.

The workshop involved key resources sector stakeholders from government, industry and civil society.

PNG EITI bill under draft

Head of the PNGEITI National Secretariat, Lucas Alkan, tells Loop PNG that a technical working group is currently working on a draft bill for the establishment of an Act of Parliament for the PNGEITI.

He says the establishment of the Act will give the entity the authority to obtain revenue data reviews, assess, and report on what is being paid by resource extraction companies and what has been received by the Government.