Timor-Leste: East Timor Axes Australia Border Treaty over Oil Reserves

Jan 10, 2017 | BBC
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East Timor says it wants to tear up a controversial 2006 maritime border treaty with Australia which has soured relations between the two countries. The treaty dealt with how oil and gas beneath the Timor Sea should be shared, but has been disputed ever since. East Timor, one of Asia's poorest nations, argues the way territory has been divided was not fair. It is now hoping for a fresh deal that gives it a larger share of revenues from natural resources.