Timor-Leste: Under the Radar: East Timor’s $40 Billion Oil Conundrum

Jan 28, 2017 | Global Risk Insights
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With the host of maritime disputes in the Pacific, it is encouraging to see efforts at reconciliation and compromise, as Australia and East Timor have announced their intention to create a new maritime border agreement in 2017. In the wake of meetings in Singapore, which the Permanent Court of Arbitration Conciliation Commission described as “productive” where both parties “reaffirmed their commitment to work in good faith,” an agreement is likely to emerge in September 2017.