3 Jun 2013

PNG to partner with Indonesia on resource development

7:07 am on 3 June 2013

Papua New Guinea is looking to partner with Indonesia to develop a range of natural resources along the common border.

A team from PNG's Ministry of State Enterprises and Investment recently went to Jakarta where it discussed cross-border partnerships with Indonesian counterparts.

Indonesia is shifting its oil and gas exploration focus to its eastern region and, with PNG, is considering joint operations.

The leader of the team which went to Indonesia, Dr Clement Waine says they are also looking at developing minerals, timber and fisheries resources with Indonesia along the border corridor.

"The technical definition for the border corridor will have to be defined but it's from the existing national/international boundary. That has to be defined by the two parliaments but for now we are looking at all of the resource projects."

Dr Clement Waine says his team laid groundwork for various discussion items for PNG Prime Minister Peter O'Neill's state visit to Indonesia later this month.