Duma says firm’s return good for PNG

Business, Normal
Source:

The National, Friday 10th Febuary 2012

PETROLEUM and Energy Minister William Duma says the return of Shell to Papua New Guinea augurs well for the country’s hydrocarbon industry.
“I’m very proud of what is happening today,” he said at yesterday’s opening of Shell’s new office at Petromin Haus in Port Moresby.
“I’m sure it’s good for positive development of our hydrocarbon industry.
“The government sees the opportunity to offer incentives to companies who want to invest in this country.”
Duma said Shell had not wasted time since entering into a strategic alliance agreement on Aug 18 last year with Petromin to establish a long-term partnership.
“Not even a year has passed and Shell is back again,” he said.
“Shell, from what I know, has a very good track record.
“I strongly believe that with Shell, we can go miles.
“There are many areas out there waiting to be explored,” Duma said.
“For Shell to come and open an office in the country tells a lot.
“As the saying goes, ‘fortune favors the brave.
“I see a good future ahead for both Shell and Petromin.”