Australian Prime Minister Scott Morrison. Photo: EPA

Australia accused of ‘siphoning’ millions from East Timor in oil revenue by stalling on treaty

  • The March 2018 deal ruled that the small oil-dependent country owned 100 per cent of the Bayu-Undan fields, which have long been split 90-10 with Australia
  • But Australia’s failure to ratify the deal by the May 18 federal election has led to the country claiming US$44 million from the field, and up to US$76 million if it’s not ratified by July
Topic |   Australia

TOP PICKS

Australian Prime Minister Scott Morrison. Photo: EPA
READ FULL ARTICLE