THE COMPANY: InterOil is an independent oil and gas business that is primarily focused on Papua New Guinea. InterOil has exploration licences covering almost 16,000 sq km, with this divided into four petroleum prospecting licences (PPLs) and two petroleum retention licences. Each PPL...
Papua New Guinea
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Articles & Analysis | InterOil: Oil and gas from The Report: Papua New Guinea 2015
Interviews & Viewpoints | Shinzo Abe, Prime Minister of Japan: Viewpoint from The Report: Papua New Guinea 2015
Since ancient times, Asia and Africa have given birth to, and spread throughout the rest of the world, a variety of ideas and religions. The spirit of generosity, one that cherishes diversity among us, is an important common asset we should be proud of.
Articles & Analysis | The government focuses on developing PNG's debt markets from The Report: Papua New Guinea 2015
Although the Port Moresby Stock Exchange ( POMSox) has been capable of offering debt instruments for some time, the debt market is largely undeveloped in Papua New Guinea. The government’s local-currency issues are illiquid, it has not yet issued an international bond and there is currently only one corporate debt instrument on the POMSoX. There is little available...
Articles & Analysis | PNG prepares to restructure its exchange to encourage competition from The Report: Papua New Guinea 2015
Of all the sub-sectors within Papua New Guinea’s financial system, the capital markets are the least mature. The banks are strong, growing and becoming increasingly competitive. The insurance sector has been active for more than a century and is substantial for a developing country. The superannuation funds are large, stable and vital to PNG society. On the other hand,...
Interviews & Viewpoints | Loi Bakani, Governor, Bank of Papua New Guinea (BPNG): Interview from The Report: Papua New Guinea 2015
To what extent are low oil prices affecting the PNG economy, and what stance is the Central Bank taking to counteract volatility?
Articles & Analysis | PNG government works to stimulate growth from The Report: Papua New Guinea 2015
With a strong economy in recent years, the GDP growth rate rose to a high of 8.9% in 2011, after stagnating in the early 2000s, only to fall back in 2013 to around 5% and then rise again to more than 8.4% in 2014, according to the Bank of Papua New Guinea (BPNG), the central bank. Construction work on the PNG liquefied natural gas (LNG) project...