5 months Papua New Guinea elects new PM Manilatimes |World
PORT Moresby: Former Finance minister James Marape was elected Papua New Guinea’s new prime minister Thursday and immediately issued a fiery nationalistic address that put foreign resource companies on notice. The former Finance minister threatened foreign logging companies and vowed to “tweak” resource laws that underpin a recently inked $13 billion gas deal with Total and ExxonMobil. Hours after being elected, Marape told parliamentarians he did “not intend to chase away our investors,” but insisted “our resource laws are outdated,” a clear reference to the huge Liquefied Natural Gas project. AFP Advertisements Advertisements