"The Cabinet has approved the establishment of a bureaucratic negotiation team to be headed by the Secretary for Department of Petroleum and Energy and comprising Departments of Treasury, Justice and Petromin as state nominee to negotiate the terms of the 50-50 proposal and report to Cabinet through the Ministerial Gas Committee by 30 November 2012."
"....headed by the Secretary for Department of Petroleum and Energy". Head was cut off yesterday as he was found guilty of contempt.
"and Petromin as state nominee"- Nominee no mo
"Departments of Treasury, Justice"- O'Neill's check and balance to see how DPE Sec'y and Petromin operate when given specific charge. "Well Mr O'Neill, as we all suspected and heard these guys and others have been colluding for a long time to slow down and derail this very important project. We now know who is "dirty" within each entity and who they have been working with. And you know those ads that were in the papers a couple of weeks ago? Petromin's books show a curious increase in advertising expense in March. We already know how this can be done; very easy to put together now that the riff-raff is out of the way."
And with this now out in the open Duma either fully ccoperates or it will be clear where his loyalties lie. Any license or project deadline concerns can be swept aside with this revelation. The PNG government will have to fall on its sword and work with IOC or lose total face with foreign investors and government. The ONLY way to make this into a positive is to move swiftly and get the partnering done and project approved. All parties involved now have confirmation of where the problems were. The cancer is being removed and full and quick recovery will take place.