Finances of Timor Sea Oil and Gas Operations

Excerpt from World Bank May 2002 report East Timor: Policy Challenges for a New Nation

Sections of East Timor's 2002 National Development Plan on oil policy

How East Timor's National Budget 2002-3 includes oil revenues

Updated National Budget 2003-4, excerpts about oil revenues and shortfall (May 2003); Mid-year Budget Update (Nov. 2003)

Statement by Prime Minister Mari Alkatiri at Extractive Industries Transparency Initiative, London, June 2003.

RDTL Taxation law relating to Bayu Undan, and Tax Stability Act.

Production Sharing Contracts for Elang-Kakatua and Bayu-Undan

La'o Hamutuk Bulletin article on expected revenues (August 2003)

La'o Hamutuk Statement to the Development Partners meeting, December 2003

Aid, Trade and Oil: Australia's Second Betrayal of East Timor, December 2003 (PDF)

La'o Hamutuk Bulletin article on projected deficit and relation with stolen oil money (March 2004)

Statistical Treatment of Economic Activities in the Timor Sea, as explained by the Australian government's ABS, September 2003. (PDF)

Can Timor Leste Avoid the Resource Curse? by Charles Scheiner, La'o Hamutuk. PowerPoint  Tetum PowerPoint. TAG Workshop, Dili, March 2004.

Documents from May 2004 Development Partner's Meeting:

	Government Budget 2004-5
	World Bank Background Paper
	TFET projects to support petroleum development

The Case for Saving Sunrise, from La'o Hamutuk, July 2004.

Draft legislation and public consultation relating to management and taxation of Petroleum in Timor-Leste, August-September 2004.

Discussion paper about Timor-Leste Petroleum Fund, with public consultation, October 2004.

Can East Timor Avoid the Resource Curse? (updated) editorial and presentation from La'o Hamutuk, November 2004.

Draft Timor-Leste Petroleum Fund Act in English, Portuguese and Tetum, January 2005. Consultation and enactment.

Extractive Industry Transparency in Timor-Leste: Limitations in Practice, by La'o Hamutuk to World Bank EITI Implementation Meeting, 2 February 2005. PDF

Public consultation about draft Petroleum Fund Act including presentations by government and submissions from La'o Hamutuk and others, February 2005.

Petroleum Fund Act approved by the Council of Ministers (Tetum, Portuguese), 12 April 2005.

Documents from May 2005 Development Partner's Meeting:

	Government Budget 2004-5 (April 2004)
	Mid-Year Review (excerpts) (PDF) (December 2004)
	RDTL Background Paper (excerpts), PDF includes extensive discussion of savings policy and Petroleum Fund (April 2005)
	World Bank Background Paper (excerpts),  PDF  (April 2005)
	Sector Investment Program for Natural Resources and Environment and Details on New Projects (April 2005)

Submissions to Parliament on the Petroleum Fund Act from (June 2005)

	La'o Hamutuk (also Portuguese)
	Lalenok Ba Ema Hotu (LABEH)
	Oxfam in Timor-Leste (also Portuguese)
	Jennifer Drysdale, Australian National University, Canberra, Australia
	Joseph C. Bell, attorney, Washington, DC USA
	Martin E. Sandbu, Columbia University, New York USA

Petroleum Fund Act as signed into law, June 2005.

First Quarterly Report from Petroleum Fund and BPA Press release, November 2005

Background Papers for the Development Partners Meeting from World Bank and RDTL government, April 2006

RDTL National Budget (excerpts) 2006-07, July 2006

Timor-Leste Petroleum Fund operations, including quarterly reports

Sustainable Development or Resource Cursed? An exploration of Timor-Leste's Institutional Choices by Jennifer Drysdale (Thesis for Ph.D. at ANU), July 2007

World Bank/ADB Economic and Social Development Brief, August 2007

Petroleum-related excerpts from new Government Plan, RDTL National Budget, and World Bank Policy Brief, September 2007

RDTL Proposed Transitional Budget, September 2007

Timor-Leste EITI Work Plan, September 2007

Petroleum Fund Consultative Council letter to Parliament, October 2007

Timor-Leste Petroleum Fund annual report for July 2006-June 2007, the first full year of operation, December 2007

Sunrise LNG in Timor-Leste, La'o Hamutuk, February 2008

RDTL Budget for 2008 - overview and excerpts relating to Petroleum Revenue, February 2008

Program of Secretary of State for Natural Resources from RDTL Budget for 2008, February 2008

Book 1 and Book 2 containing entire RDTL 2008 budget (PDF), February 2008

Policy Brief on Oil Revenue Monitoring Plans: Comparison Across Countries
"Oil Funds: Answer to the Paradox of Plenty?" by Friends of the Earth

"Caspian Oil Windfalls: Who Will Benefit?" book by Caspian Revenue Watch. Summary
This book explores the problems and benefits of oil funds in different countries, as a way of evaluating the challenges facing new nations with petroleum revenues about to be developed, especially Azerbaijan and Kazakhstan.

Report on "The Oil Trap" by Transparency International, September 2003 (PDF).

Publish What You Pay NGO initiative on mandatory reporting of what oil and mining companies pay to governments.

Lifting the Resource Curse: Extractive industry, children and governance from Save the Children, UK. 2003 (PDF)

Following the Money 101: A Primer on Money-Trail Investigations by the Coalition for International Justice, February 2004.

Follow the Money: A Guide to Monitoring Budgets and Oil and Gas Revenues by Jim Shultz for Revenue Watch, Open Society Institute, April 2004.  Bahasa Indonesia