Tree | It’s time to again focus on Duma’s beef.
Interview with Duma 9/28/11 on the IOC ‘breach of contract’.
At issue is not Gulf location, but size and operatorship. A SM is not a requirement. Besides, SM’s hire engineering firms to operate LNG plants for them in reality. The same firms that Henry mentioned in his presentation last Sept.
Most interesting comments by Greg Anderson, executive director of the PNG Chamber of Mines and Petroleum on IOC’s LNG scheme. Common sense and rational and proof there are IOC allies in PNG. Apparently Project Zebra $ hadn’t made it to his man-purse yet. His comments must have been similar to Duma’s when Duma signed EWC’s PFCA agreement Feb. 2011 and IOC was finalizing agreements with Flex.
If the link is not live, copy and paste to your browser. http://www.abc.net.au/ra/pacbeat/stories/m2033936.asx |
ValueSleuth | Tree, Thanks. Greg Anderson seems to “get it” — i.e. that projects can change as the situational economics changes. That point is undoubtedly shared by many in PNG. Undoubtedly Duma will fall into line when the time comes, not that he can dictate the outcome anyway. His recent silence on IOC’s plans speaks volumes about the ultimate outcome, as he distances himself from his former position(s). VS |
efi426hemi | Yup, thanx Tree. Not sure how you find this stuff, did Boris use his ex-KGB contacts to dig this up? |
Tree | Petromin is a SOE.
SOE’s are hampered by political interference.
SOEs may face reform ********** PNG’s SOE may face shake-up
Posted at 08:20 on 21 February, 2012 UTC
A shake up of state-owned enterprises in Papua New Guinea is likely after revelations the agencies are not meeting obligations to pay a dividend.
The SOEs include the water, power and phone utilities, Air Niugini and Petromin.
The new head of the Independent Public Business Corporation, which oversees the SOEs, Thomas Abe, told the Post Courier the agencies are hampered by political interference.
The executive director of the PNG Institute of National Affairs, Paul Barker, says a former prime minister, Sir Mekere Morauta, was largely unsuccessful in his bid to privatise the SOEs ten years ago.
But he says despite the limited time before the June election, he may try to initiate some reforms.
“Clearly Sir Mekere has that drive and he would like to push through some of the reforms that he started over a decade ago, if only to push for some competition, push for some greater vitality in these organisations.” |
Tree | Makin sure Y’all have listened to Duma in his own words.
SK and JP are going big into PNG investments. Duma says it is our pals at Petromin that have been corrupted and with the SOE shake-up this may be over. Front door only you B*****Ds!! |
Tree | All need to listen to this Duma interview. He has been consistent in his demands of IOC meeting PA terms. Nothing wrong here and Duma should force all to adhere to PAs since he botched PNG LNG so badly and country is now paying the price.
IOC is now arranging a consortium to meet those PA demands.
When IOC publicly announces that consortium, Duma can take credit for ‘forcing’ IOC to act in PNGs best interest as demanded by Duma. |
jft310 | Tree and I agree on this. Duma will be made to look good which will help him with the elections. |
