East Timor, under a United Nations transitional government, is renegotiating the Timor Gap treaty signed between Indonesia and Australia in 1989. In negotiations, East Timorese officials have been requesting a 90-10 split of oil and gas revenues with Australia, for fields under East Timor's jurisdiction.
Revenue from the Timor Gap oil and gas fields is expected to reach around $5m in 2001, says the government, but could rise to $100 m by 2010. East Timor's budget for 2000 was $4.5m. Some estimates put total oil and gas reserves under the Timor sea at 500m barrels of oil, worth more than $17bn at current prices.
Mr Ramos Horta said he was confident Australia would be sympathetic to East Timor's requests, describing John Howard, Australian prime minister, and Alexander Downer, Australian foreign minister as "more generous than Mother Theresa."
Peter Galbraith, minister for political affairs and the Timor Sea in East Timor's cabinet, said that "the UN considers the '89 treaty illegal and invalid."
East Timor voted for independence in a UN-sponsored ballot in 1999 after a brutal 24-year military occupation by Indonesia. Indonesia's occupation of East Timor was never recognised under Indonesian law, rendering the 1989 Timor Gap contract open to renegotiation.
Portuguese: Jan 12 OTL: O petróleo do Mar de Timor e as relações Timor Leste-Austrália
Jan 12 ETO: Timor Sea Oil and East Timor-Australia relations
French: Jan 12 OTO: Le pétrole de la Mer de Timor et les relations Timor Oriental-Australie
Dec 10 2000 ACFOA Position Paper: Negotiations of the Timor Gap Zone of Cooperation
Until Feb 28 ASIET's Timor oil petition
Articles & Briefing Papers:
Feb 3 ASIET's Timor oil statement
Jan 24 GLW: Digging in for East Timor's oil
Dec 6 GLW: Australia's oil and gas grab exposed
Nov 28 CAA - Oxfam in Australia: The Timor Gap Treaty
Tetum: Nov 17 BLH: Saude, Oekusi, Deskulpas, no Mina: Koneksaun Timor Lorosa’e ho Australia
Nov 17 LHB: Health, Wealth, Apologies and Oil: The East Timor-Australia Connection
Jan 17 IPS: Reconstruction an uphill climb
Jan 15 SMH: Oil is more important to us than to Australia, says Gusmao
Jan 5 AU: Talks stall on Timor Gap oil profits
Dec 2 TEcon: Timor's troubled waters
Nov 29 IPS: Oil & Good Relations Don't Mix
BACK DOOR Newsletter on East Timor home
Website: http://www.pcug.org.au/~wildwood Email: email@example.com