Through the #PNGLNG Project, ExxonMobil has a proven history of generating value for Papua New Guinea. Since the start of production in 2014, the Project has paid over PGK 20 billion to the Papua New Guinean State. Revenue is delivered through five streams. This includes equity distributions paid to Kumul Petroleum Holdings Limited (KPHL) and Mineral Resources Development Company (MRDC) based on the interest they hold in the Project. Different types of tax, including company tax, are paid to the
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#News The signing of the P'nyang LNG Project Fiscal Stability Agreement took place today (18th, March) at the Government House, Konedobu. PM James Marape thanked Exxon Mobil for its unwavering commitment to Papua New Guinea's development, stating Pnyang LNG Project will make possible the visions of the Government and allow the economy to grow. | PNG Bulletin
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