PNG must be more Investor Friendly: Aopi

The new President of Chamber of Mines and Petroleum, Gerea Aopi wantPNG to be more investor friendy.

He saysthe Chamber will address several issues facingthe resource sector. He covered 5 areas:

  1. Request thatthe government’support current and developing projects
  2. Resource Ownership
  3. Tax Review
  4. ExtractiveIndustry TransparencyInitiative (EIT)
  5. Improver Public Service

Resource Ownership and tax review are high onthe agenda for the Chamber asthese issues will determine investor confidence.

Mr Aopi welcomesthe government’s mover to adoptthe ExtractiveIndustry TransparencyInitiative concept.

He says thatthe petroleum sector needs a body like Minerals Resource Authority.

ther areas thatthe Chamber hopes to promote its 2011 strategy to build its corporate capacity and contribute to policy and legislative changes.

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