Multi-Stakeholder Group (MSG)

The report was set for publication at the end of last year, however it was delayed due to some key revenue and production data not being made available on time.

Head of the National Secretariat Lucas Alkan said the independent auditor (Ernst & Young) is now finalising the outstanding data obtained from a couple of key reporting entities.

“The independent auditor has collated the financial data and reconciled any discrepancies arising from the figures provided by government agencies and companies,” said Alkan.

This has been made possible by the PNG Extractive Industries Transparency Initiative’s (PNGEITI) Beneficial Ownership Roadmap. It provides direction and outlines specific actions on how the country will report on Beneficial Ownership by 2020.

The Roadmap is consistent with the EITI Standard.

This was the message from the PNGEITI Head of National Secretariat, Lucas Alkan.