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Australia accused of 'siphoning' millions in Timor-Leste oil revenue

From theguardian.com

Australia has been accused of “siphoning” millions of dollars a month in oil revenue that should belong to Timor-Leste, because the government is yet to ratify last year’s maritime border treaty. Estimates suggest the revenue taken by Australia since the signing of the treaty now totals more than it has given to Timor-Leste in foreign aid, and more than Timor-Leste spends on health in a year. The historic treaty, signed at the United Nations in March 2018, delimited a permanent maritime border to close the Timor Gap, and established a “special regime” area for sharing an untapped, multibillion-dollar gas field in the ... (full story)

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