The Chamber of Mines and Petroleum acknowledges the passing of Oil and Gas (Amendment) Bill 2020, and understands the desire of the PNG Government to maximise its position in resource projects. However, the Chamber believes that significant changes to existing legislation such as these are best made in collaborative consultation with industry. In failing to consult, the consequences of some of these amendments will not be to the benefit of PNG but will inadvertently set back the nation’s economy for many years to come by dis-incentivizing investors or making otherwise economic projects uneconomic.
Directly and Indirectly
↣ Social Contributions | ↣ Economic Contributions
WHAT WE DO
World Class Mining & Petroleum
Promotes world-class, sustainable mineral and hydrocarbon exploration, production, and processing.
Supporting a safe and viable resource industry that is environmentally and socially responsible to the welfare of impacted communities, and the people of Papua New Guinea.
Wellbeing and Prosperity
Committed to the wellbeing and prosperity of current and future generations of PNG.
How much is the industry contributing to Papua New Guinea?
The PNG Government has signalled that it favours public investment in the mining sector at the expense of private investment, according to the President of the Chamber of Mines and Petroleum, Gerea Aopi.
The Chamber of Mines and Petroleum is surprised at the passing of the Mining (Amendment) Bill 2020, and Oil and Gas (Amendment) Bill 2020 in yesterday’s session of Parliament. The Chamber last engaged with government in January this year, with our Prime Minister and respective ministers of Mining and Petroleum, and a commitment was made for effective consultation.