Papua New Guinea premier says resources reforms will take years
Changes are unlikely until after 2025, which comes as a relief for Exxon and Total
05 June 2019 - 16:19
Sydney — New Papua New Guinea Prime Minister James Marape doubled down on his plans to earn more taxes from the gas-and-gold-rich country’s natural resources sector on Wednesday, but says major reform would not take effect for years.
That will come as a relief for large oil companies such as France’s Total and ExxonMobil, which have done deals and were wondering if Marape would put them up for review...
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