Treaty confirms Australia profited from Timor-Leste oil and gas, rights groups say

Photo of Treaty confirms Australia profited from Timor-Leste oil and gas, rights groups say
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Agreement signed on Wednesday stipulates ‘no compensation for past exploitation’

Australia has received billions of dollars in revenue from contested oil and gas fields which a new border treaty officially confirms belonged to Timor-Leste, civil society groups have claimed.

On Wednesday the two nations signed a treaty agreeing a permanent maritime border to close the Timor Gap, and establishing a “special regime” area for the sharing of an untapped, multibillion-dollar gas field in the Timor Sea.

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#oil and gas companies
#timor-leste
#asia pacific
#australia news
#oil
#energy industry