Economy

Economy. The review of the press Papua New Guinea the Prime minister Papua New Guinea (APG) James Marape declared completion of negotiations between the State negotiation group and company Twinza Oil Limited (Australia) on development the first project on development of a shelf Papua New Guinea – the Pasca Offshore Petroleum project. According to the coordinated conditions the state will receive from 61% to 65% of economic benefits which include the early income, the guaranteed access to the liquefied oil gas at a discount 30%, the fixed income to the state through tax agreements, and...