Mr. Samar further commended the leadership of the Minister for Petroleum Jimmy Maladina, stating that the board will provide the strategic governance, transparency and oversight essential to the effective operation of the authority regulating an industry that contributes immensely to our economy.

“We congratulate Chairman Hubert Namani, Deputy Chairman Dairi Vele, and all appointed members. Their combined experience, technical expertise, and balanced representation from both public and private sectors for the NPA, industry and all stakeholders, particularly given the Authority is at a transition stage from a department, and at the same time leading consultation on petroleum sector fiscal reforms,” Mr. Samar said.

Mr. Samar took the opportunity to encourage other regulatory authorities to follow NPA’s lead and, as required by law, establish their respective Boards expeditiously. This fundamental process will elevate accountability, bolster investor confidence, and ultimately deliver optimal outcomes for Papua New Guinea.

PNG CORE stands ready to support the NPA and its newly appointed Board in fulfilling its mandate, ensuring that the petroleum sector remains a vital pillar of Papua New Guinea’s economic and social development.