The commencement of impact projects in the country is important as it will transform Papua New Guinea’s economic landscape.
Prime Minister James Marape made these remarks when he met with the Chief Executive Officers of Santos, K92, Twinza, ExxonMobil, Newcrest, and Harmony Gold in Sydney, Australia.
“In doing so, there must be a win-win situation for all parties, especially the resource owners, State, and the Developer.
“The Developers are outlaying significant capital and must gain a return on their investment,” said Marape.
The Prime Minister also met with the Chief Executive Officer of French Petroleum Giant, Total Energies.
He urged investors, especially Santos, to reinvest in its refinery to process petrochemical products such as petrol, diesel, kerosene, and Jet A1 gas to meet our domestic energy security issues.