Newly elected PNG Prime Minster targets corruption

[tarulestheday]

(Apologies if this has already been posted)

Papua New Guinea Prime Minister Peter O’Neill has told SBS News his government plans to crack down on corruption, in his first interview since being re-elected to the nation’s top job.

Mon, 6 Aug 2012 PORT MORESBY, PNG (SBS) ---- Papua New Guinea Prime Minister Peter O’Neill has told SBS News his government plans to crack down on corruption, in his first interview since being re-elected to the nation’s top job. After 12 months of political instability and a lengthy election process, Papua New Guinea's Prime Minister Peter O’Neill has told SBS News his government plans to crack down on corruption, in his first interview since being re-elected to the nation’s top job. Speaking of a massive deal with petroleum company Exxon Mobil that could see the nation's GDP double over the next two years, O'Neill said a sovereign wealth fund had been put together specifically to manage revenue coming from mineral developments in the country. “This is a unique opportunity for our country, basically, because our country has squandered similar opportunities in the past. My job now is to create an environment where these funds are managed properly.” O’Neill also spoke of his government’s willingness to support equal rights in parliament. “Papua New Guinea has had a change in its attitude towards women, and it’s encouraging to note that two ladies have been elected to parliament now, and although that is not enough, I think it is a good start.” O’Neill, originally from the Highlands region of the country, was re-elected in early August by a huge majority of 94-12 by members of parliament. There were no other nominees; however a last-ditch legal bid to halt proceedings failed. PNG’s new government is formed from a broad coalition of former leaders and senior parliamentary figures, including Sir Michael Somare, who was ousted as Prime Minister in August last year. “For them to come and give support to myself and other young leaders, to manage our country over the next few years is an indication of the maturity of politics our country,” O'Neill said.”

http://www.islandsbusiness.com/news/index_dynamic/containerNameToReplace=MiddleMiddle/focusModuleID=130/focusContentID=29493/tableName=mediaRelease/overideSkinName=newsArticle-full.tpl

[ValueSleuth]

(Apologies if this has already been posted)

Papua New Guinea Prime Minister Peter O’Neill has told SBS News his government plans to crack down on corruption, in his first interview since being re-elected to the nation’s top job.

Mon, 6 Aug 2012 PORT MORESBY, PNG (SBS) ---- Papua New Guinea Prime Minister Peter O’Neill has told SBS News his government plans to crack down on corruption, in his first interview since being re-elected to the nation’s top job. After 12 months of political instability and a lengthy election process, Papua New Guinea's Prime Minister Peter O’Neill has told SBS News his government plans to crack down on corruption, in his first interview since being re-elected to the nation’s top job. Speaking of a massive deal with petroleum company Exxon Mobil that could see the nation's GDP double over the next two years, O'Neill said a sovereign wealth fund had been put together specifically to manage revenue coming from mineral developments in the country. “This is a unique opportunity for our country, basically, because our country has squandered similar opportunities in the past. My job now is to create an environment where these funds are managed properly.” O’Neill also spoke of his government’s willingness to support equal rights in parliament. “Papua New Guinea has had a change in its attitude towards women, and it’s encouraging to note that two ladies have been elected to parliament now, and although that is not enough, I think it is a good start.” O’Neill, originally from the Highlands region of the country, was re-elected in early August by a huge majority of 94-12 by members of parliament. There were no other nominees; however a last-ditch legal bid to halt proceedings failed. PNG’s new government is formed from a broad coalition of former leaders and senior parliamentary figures, including Sir Michael Somare, who was ousted as Prime Minister in August last year. “For them to come and give support to myself and other young leaders, to manage our country over the next few years is an indication of the maturity of politics our country,” O'Neill said.”

http://www.islandsbusiness.com/news/index_dynamic/containerNameToReplace=MiddleMiddle/focusModuleID=130/focusContentID=29493/tableName=mediaRelease/overideSkinName=newsArticle-full.tpl

Couple this with the report on the "DPE to be abolished or restrained by Natl Planning" thread started by Petrovale (http://shareholdersunite.com/mybb/showth...p?tid=1275) and the picture emerges about why O'Neill had his meeting with the bureaucratic departments.

The problem is that the wealth of the country has be squandered over the years by the corruptive diversion of largess into the pockets of those in the high government positions AND by excessive bureaucracy that O'Neill intends to squeeze.

The mention of the Sovereign Wealth Fund is important to IOC, as the newest director, Sir Rabbie, is the leader of the SWF.  There's a nice pattern developing, and O'Neill could well be setting up something spectacular for IOC's pending deal and PNG approval -- IF he wants to pursue it.

I'm wondering if, and how much, direct contacts have been made/maintained with O'Neill and/or his closest advisors to advance the Henry Aldorf Gulf LNG plan.  In order for all that to come to pass, Duma would either have to change his stance of the last 15 months (or be neutralized or be removed) and the DPE deputy who carried his water would have to be brought to heel.

We may not have that long to get some inkling of the end game.

VS