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New negotiations, new laws: Kumul Petroleum’s MD says oil and gas sector is looking ‘much stronger’

Wapu Sonk, Managing Director of Kumul Petroleum, says that Papua New Guinea’s oil and gas sector is looking ‘much stronger’ with the Papua LNG project set to have its final investment decision in 2023. But, he told the 2021 Business Advantage PNG Investment Conference, that proposed changes to the country’s oil and gas law have been delayed.
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In brief: Papua New Guinea grants Special Economic Zone status to Mayur’s project and other business stories

Mayur's Central Lime and Cement project receives Special Economic Zone status, Porgera mine announcement coming on 16 September and COVID cases increase in Papua New Guinea. The business news you need today.
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Regulator rejects Kina Bank’s acquisition of Westpac’s Papua New Guinea assets

It is back to the drawing board for Kina Bank and Westpac, as Papua New Guinea's Independent Consumer and Competition Commission has issued a 'final determination' declining authorisation of Kina's proposed acquisition of Westpac Papua New Guinea.
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