Sir Moi Avei Appointed by NEC as Chair and Director of Kumul Petroleum Holdings
The Prime Minister, Hon. Peter O’Neill CMG MP, has announced that the National Executive Council has decided to remove Frank Kramer as Chair and Director of Kumul Petroleum holdings, and subsequently appointment Sir Moi Avei to these roles.
Under Kumul Legislation, the Prime Minister of the day is a shareholder in Kumul Petroleum Holdings, has input to adjust the board and facilitate the new appointment.
“The appointment of Sir Moi Avei, is very positive move for Kumul Petroleum Holdings,” the Prime Minister said.
“Sir Moi is a senior statesman with a distinguished public service and political career, who has extensive knowledge of the industry having served two terms in Cabinet as Minister for Petroleum.
“Under his leadership, Kumul Petroleum Holdings will be able to advance to the next level of development and deliver even greater outcomes for the nation.
“I would like to thank Frank Kramer for his leadership in the early stages of development, and ensuring KPH has an important role to play in the oil and gas sector of Papua New Guinea.”
PNC People’s National Congress March 30, 2017 5.24 pm