PNG’s new Petroleum Minister, officials in Abu Dhabi to negotiate Oil Search bond buyback, and the cost of Manus Detention Centre detailed. Your weekly digest of the latest business news.
Search Results for: Papua LNG
In brief: competition concerns over Oil Search, Bougainville mine and a review of bank charges
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19 Feb 2014 by Leave a Comment
Competition concerns over Elk-Antelope share holdings, ABG keen to re-open Panguna and Treasurer orders bank charges review. Your weekly digest of the week’s business news.
Opinion: Sovereign Wealth Fund key to the fall or rise of the kina
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12 Feb 2014 by 1 Comment
The ANZ Bank last month predicted the kina will fall by up to 10% in value by the end of 2014, in anticipation of income from the LNG project. Paul Barker from the Institute of National Affairs, looks ahead several years to when that income begins to have ‘a substantial impact’.
In brief: PNGSDP divests assets, a new trade treaty with Australia and Bougainville to export copra oil
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12 Feb 2014 by Leave a Comment
PNGSDP begins divesting assets, a new trade treaty with Australia and Bougainville prepares to export copra oil. Your weekly digest of the week’s business news.
New port in Gulf Province to be built by joint venture
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29 Jan 2014 by 1 Comment
The Gulf Provincal government has set up a 50/50 partnership with the United States-based cargo transportation company, Teras America LLC, to build a port to service Papua New Guinea’s second LNG project and other industries.
Port Moresby’s next growth corridor
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22 Jan 2014 by 1 Comment
Major industrial projects underway or in the pipeline north-west of Port Moresby look likely to create an industrial and logistics corridor over the next five years. Business Advantage PNG examines the progress in Central Province, just outside Papua New Guinea’s capital.
In brief: PNG Power price increase postponed and other stories
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14 Jan 2014 by Leave a Comment
PNG Power price increase postponed, InterOil timeline to be set and Rabaul needs visas on arrival. Your quick digest of the week’s business news.
In brief: PNG looks to refinance Oil Search loan, first corruption conviction and other stories
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27 Nov 2013 by
Future of government shareholding in Oil Search revealed next month, former planning minister guilty of corruption, BHP sees long-term future in gas and other local and regional stories.
Opinion: 2014 Budget must calm markets with focus on core functions
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13 Nov 2013 by Leave a Comment
The Treasurer is about to present the 2014 Budget to Parliament, after a challenging year for Papua New Guinea and its government. Paul Barker looks at what next year’s Budget should contain.
ANZ revises PNG’s growth forecast upwards
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21 Aug 2013 by
While reduced global commodity prices are having a major impact on Papua New Guinea government revenues this year, there are ‘incipient signs of a turnaround’, according to data published in the latest ANZ Pacific Quarterly, released this week.
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