NEWLY independent East Timor has signed a treaty with Australia dividing Timor Sea oil and gas revenues. The Timor Sea Treaty awards East Timor 90 per cent of the profits from oil and gas developments in a designated joint production area, guaranteeing the country US$5 billion in earnings over the next 17 years.

Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.