Amet: State owns all rescources
South Pacific Post ALL petroleum, mineral and gas resources under the ground are owned by the State, according to Attorney-General Sir Arnold Amet. He was responding to lawyer Peter Donigi and Warner Shand Lawyers recent claims that the State does not own the natural resources and as such it was not the proper party to sign the PNG Gas Agreement. That assertion, according to Sir Arnold is “not legally correct.” Sir Arnold is the Madang Regional MP and former Chief Justice of the National and Supreme Court of PNG. “The Petroleum Act and the Mining Act vest the ownership of mineral and petroleum resources in the State. As such, State is a proper party to the gas agreement and has validly executed the gas agreement,” Sir Arnold said in a statement released over the weekend. “Both the Oil and Gas Act 1998 and the Mining Act 1992 vest the ownership of mineral and petroleum resources in the State. These two Acts of Parliament adopted the State’s ownership rights in the minerals and petroleum