KPHL declares K400 million dividend

As the country continues to face economic challenges, including the impacts of El Niño, Kumul Petroleum Holdings Limited has delivered some positive news.

Today, Chairman of the national oil and gas company, Isaac Lupari, announced K400 million as interim dividend to the Government for this year.

Lupari noted that between 2014 and 2025, KPHL paid K1.8 billion in taxes and K3.4 billion in dividends to the State from the PNG LNG project.

In total, the company has paid almost K5 billion to the State.

Upon receiving the cheque, Prime Minister James Marape, commended the KPHL board and management for their performance.

Marape says the dividend reflects the company’s contribution to national revenue and its commitment to prudent financial management.