Share Sale Agreement

119 views · Published 1 July 2016 · 2:03 · Indexed 23 October 2026

Channel: EMTV Online · 2016 · News & Politics

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A share sale Agreement has allowed the state’s business arm, Kumul Petroleum Holdings Limited, to own the oil and gas interest and assets of Petromin PNG Holdings Limited.

Managing Director, Wapu Sonk, says these assets have been transferred under the Kumul Consolidation Agenda and governing laws to create more investment and business opportunities.

As of today, these assets will be managed by single entities only.

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