Kumul Petroleum Holdings Limited (KPHL) in Papua New Guinea has delivered a dividend cheque worth K400 million (approximately $120 million USD) to the State. The presentation took place today at Parliament House in Papua New Guinea. Details surrounding the dividend and its implications for the national budget were not immediately available, as access to the full report requires a paid subscription to the Post Courier. The dividend signifies a substantial financial contribution from the state-owned petroleum company. This payout is expected to bolster state revenue in Papua New Guinea. The company’s performance demonstrates its financial strength and contribution to the national economy. Further details can be found on the Post Courier website with a paid subscription.