Kramer removed, Avei appointed Kumul head

PAPUA New Guinea’s National Executive Council has appointed Sir Moi Avei as chairman and director of Kumul Petroleum Holdings.
Kramer removed, Avei appointed Kumul head Kramer removed, Avei appointed Kumul head Kramer removed, Avei appointed Kumul head Kramer removed, Avei appointed Kumul head Kramer removed, Avei appointed Kumul head

Sir Moi Avei

Staff Reporter

Frank Kramer has been removed from this position. Under Kumul legislation, the Prime Minister of the day is a shareholder in Kumul Petroleum Holdings and 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," Prime Minister Peter O'Neill said.
 
O'Neill did not give a reason why Kramer had been "removed".
 
"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 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 Kumul has an important role to play in the oil and gas sector of Papua New Guinea."
 
 

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