Anti-Corruption Activist
Prime Minister James Marape attributed the the fuel crises to a 1999 agreement between the state and Inter Oil, predecessor of Puma Energy which allows for a monopoly in wholesale importation of fuel and distribution throughout PNG until 2027.
Parliament reconvening in May will pass laws aiming at lessening this monopoly of fuel supply, the Prime Minister announced.
* Review the 1999 fuel monopoly Agreement with Puma
* Legislation by Parliament to reduce the monopoly of fuel supply to PNG by introducing a Bill or enact the fuel monopoly to allow competition in the fuel supply.
* Collaboration of Kumul Petroleum Holdings Ltd with other companies for import and distribution of fuel.
* Establishment of infrastructure for fuel storage by Kumul Petroleum Holdings Ltd, potentially in co-operation with the USA under Defence Co-operation Agreement.
* Exploration of the possibility of acquiring Puma Energy's facilities at Napanapa.
* Maintenance of US dollar account by all State-Owned Enterprises to ensure a steady supply of foreign exchange
Despite criticism on fuel crises, Marape Rosso government through cabinet has made the right decisions in line with take back PNG policy.
This will be one of the great reformation in the fuel and energy sector in PNG to transform the country.
https://www.facebook.com/profile.php?id=100064044643551
* Legislation by Parliament to reduce the monopoly of fuel supply to PNG by introducing a Bill or enact the fuel monopoly to allow competition in the fuel supply.
* Collaboration of Kumul Petroleum Holdings Ltd with other companies for import and distribution of fuel.
* Establishment of infrastructure for fuel storage by Kumul Petroleum Holdings Ltd, potentially in co-operation with the USA under Defence Co-operation Agreement.
* Exploration of the possibility of acquiring Puma Energy's facilities at Napanapa.
* Maintenance of US dollar account by all State-Owned Enterprises to ensure a steady supply of foreign exchange
Despite criticism on fuel crises, Marape Rosso government through cabinet has made the right decisions in line with take back PNG policy.
This will be one of the great reformation in the fuel and energy sector in PNG to transform the country.
https://www.facebook.com/profile.php?id=100064044643551
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