The Papua New Guinea Extractive Industries Transparency Initiative (PNGEITI) National Secretariat has officially launched its 2024 Annual Report during the Multi-Stakeholder Group (MSG) Quarter 1 meeting held at Tuna Bay in Port Moresby on the 26th of March, 2026. The report presents a comprehensive overview of Papua New Guinea’s extractive sector performance, financial disclosures and the country’s continued commitment to transparency and accountability for the 2024 financial year.
Speaking at the launch during the ribbon-cutting ceremony, Acting Chairman of the Multi-Stakeholder Group, John Uware, emphasized the importance of the report in strengthening public trust and promoting informed dialogue among government, industry and civil society stakeholders.
“This report reflects Papua New Guinea’s dedication to the open and accountable management of its oil, gas and mineral resources,” said Mr. John Uware, Acting Chair of MSG. “It serves as a critical tool for stakeholders to assess sector performance and to support responsible and transparent resource governance.” he said.
The launch comes ahead of Papua New Guinea’s upcoming Extractive Industries Transparency Initiative (EITI) Validation, scheduled to commence on April 1, 2026. Validation is a key component of the global EITI process, assessing the country’s compliance with the EITI Standard while identifying opportunities to strengthen reporting practices and enhance transparency.
The 2024 Annual Report outlines revenue contributions from the mining, oil, and gas sectors, including insights into beneficial ownership disclosures and key government and industry initiatives aimed at promoting sustainable development and equitable resource management. It also highlights the strong collaboration between the PNGEITI National Secretariat, MSG members, and international partners in advancing transparency and accountability across the sector. Members of the MSG present at the meeting welcomed the report as an important reference for guiding policy decisions and strengthening stakeholder engagement. the report is expected to inform national dialogue as Papua New Guinea enters the Validation phase, further demonstrating the country’s commitment to international transparency standards.
The PNGEITI National Secretariat encourages all stakeholders including civil society, government agencies, the private sector, the general public and resource owners in extractive provinces to download and review the 2024 Annual Report from the PNGEITI website, to stay informed and better understand how Papua New Guinea’s extractive resources are managed as the country progresses toward its April 2026 Validation milestone.
