Where has all the money gone?
Submitted by rait man on Wed, 08/12/2010 - 11:56Editorial: Post Courier
The 11th Mining and Petroleum Conference in Sydney, Australia kicked off on Monday. In a packed room, PNG’s Oil Search Limited, a major partner in the LNG project, shocked the experts and government officials including ministers from both countries, by revealing it has paid a whopping K11.931 billion in oil benefits between 1992 and 2009.