AGP Executive Report
Last update: 2 hours agoPetroleum Revenue: Kumul Petroleum paid the Government K400 million, lifting its direct contributions this year above K1 billion; it also announced US$1.1 billion in Papua LNG funding. Digital Trade: PNG Customs is advancing a National Single Window to cut import and export delays, while PNG and Australia agreed on a 50-year framework for cooperation on telecommunications and digital development. Fuel Retail: MRDC has acquired six Mobil stations in Port Moresby and plans new Mobil-branded sites in Lae and Madang. Manufacturing: Pacific Lime and Cement has received more than half the equipment for its quicklime project, including components for a planned 600-tonne-a-day kiln. Economic Outlook: PNG’s non-resource economy grew by an average 2.3% per person annually from 2022 to 2025, close to boom-era levels. But severe El Niño conditions are already damaging crops and drying water sources, threatening agriculture and food supplies.
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