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UPNG Chancellor Sir Robert Igara has told NBC News he will issue an official statement on Tuesday, following a council meeting. It follows the resignation of Vice-Chancellor Professor Ian Findlay. Professor Findlay resigned with immediate effect today, Monday, November 2, after 15 months in the position. In his resignation letter, he said ongoing disagreements with […]

Kumul Petroleum Holdings Limited [KPHL] says the State’s US$1.1 billion investment in the Papua LNG Project will be funded through domestic borrowing and revenue from its existing PNG LNG investment, without direct funding from the National Budget. KPHL Chairman Ambassador Isaac Lupari said the funding covers the State’s 22.5 per cent equity stake in Papua […]