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Ministry of Petroleum and Mineral Resources

Minister of Petroleum Participates in the 4th EU-Arab World Summit in Greece On 29th October 2019, Eng. Tarek El Molla, Minister of Petroleum and Mineral …

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Oil in Timor-Leste (Oilwatch)

The Ministry''s principal responsibility is to facilitate petroleum development, an inherent conflict of interest because they will be reluctant to slow petroleum development, and protecting the nation or implementing international conventions will get lower priority.

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Minister''s Message – Department of Petroleum & Energy

My Ministry and Department is now challenged to immediately build institutional capacity in order to ensure our deliverables are realized in a timely manner. Thank you. HON. KERENGA KUA, LLB, MP Minister for Petroleum & Energy

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FDCH Evaluation FINAL Report

FDCH Evaluation – FINAL Report 8 Based on these conclusions, the report suggests a set of recommendations to improve FDCH operations and maximise its impact on the quality of Timorese human resources in strategic sectors. These recommendations are: 1.

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Ministry of Petroleum

Ministry of Petroleum and Mineral Resources, Saudi Arabia Ministry of Petroleum and Mining, South Sudan Ministry of Petroleum and Natural Gas, India This page was last edited on 9 March 2021, at 20:31 (UTC). Text is available under the Creative Commons ...

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Government of Timor-Leste

Mon. 05 of April of 2021, 14:01h Government mobilizes efforts to support population affected by floods and for the rehabilitation of infrastructure The Prime Minister, Taur Matan Ruak, today, April 5th, 2021, led a meeting of the Interministerial Commission for Civil Protection and Natural Disasters, which was held in the Government Palace, in Dili, to coordinate the response to the impacts of ...

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Minister of Petroleum and Mineral Resources

The Ministry of Petroleum and Mineral Resources is the central Government body responsible for the design and execution of the energy policy and management of mineral resources, including oil and other strategic minerals, as approved by the Council of ...

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(PDF) La''o Hamutuk and Timor-Leste''s development …

PDF | La''o Hamutuk (Walking Together in English) is an independent social justice and development communication non-government organization established... | Find, read and cite all the research ...

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Sea change at Timor-Leste''s SWF manager

It has managed the nation''s sovereign wealth fund, built from excess revenues flowing from petroleum operations in the Timor Sea, since the fund''s creation in August 2005. The Ministry of Finance is responsible for plotting the fund''s investment strategy, which aims to generate returns similar to the Merrill Lynch 0 – 5 year US Government Bond Index, and is advised by Towers Watson.

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Timor-Leste manages the shock from falling oil prices

Petroleum has become an essential part of the economy – representing 99% of Timor-Leste''s export earnings, 80% of GDP, and 93% of total government revenues, a portion of which in turn will finance 85% of the FY 15 state budget.

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Timor Leste''s 5th Constitutional Government – Ministry …

 · Ministry of Petroleum and Mineral Resources Minister of Petroleum and Mineral Resources: Alfredo Pires Please select a valid form Share Topics 0 …

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Ministry of Petroleum Resources Development

Nile Petroleum pany krc sudapet المختبرات والبحوث Promotion دراسات وبحوث التقديم للخدمة الوطنية Consulting Service ... or transmitted in any way, whether electronic or otherwise without the prior permission from the press office of the Ministry of Oil and ...

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Timor-Leste''s oil and gas are going fast

La''o Hamutuk Oil and gas are going fast Page 4 From 2003 through 2014, Timor-Leste converted $20.1 billion of its oil and gas wealth into dollars, of which we spent $6.0 billion. The remainder is in the Petroleum Fund (PF), invested in bonds and stocks around

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Ministry of Petroleum and Natural Gas

Your are being to redirect New Ministry of Petroleum and Natural Gas (MoPNG) website 3 Go To Website Go

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Timor-Leste Governance for Development Investment Design

The Government is also using its petroleum wealth to improve services, particularly in the districts. Timor-Lestes poor development outcomes justify an up-front investment in services such as health, education, training, agricultural extension services

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CO18026 | Timor-Leste''s Oil: Blessing Or Curse? | RSIS

To manage the oil revenue, Timor-Leste established the Petroleum Fund (PF) not long after it gained independence from Indonesia in 2002. Declining Fund for Development Every year, the Ministry of Finance calculates an estimated sustainable income (ESI

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(PDF) Petroleum Planning as State Building in Timor-Leste

fi gures in the Timor-Leste petroleum industry and Ministry for Petroleum and Natural Resources (active in 2015 – 16) outlined that the Tasi Mane project is part of

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A NEW ERA?

A New Era? Timor-Leste After the UN x Pyone Myat Thu is a Research Associate in the School of Anatomy, Physiology and Human Biology at The University of Western Australia. She was previously a Research Fellow in the State, Society and Governance of

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Oil and the Resource Curse | SpringerLink

Abstract This chapter provides a comprehensive survey of the oil sector, including the detailed boundary negotiations with Australia, the Petroleum Fund established in 2004, the relevance of Dutch Disease theories, corruption and the struggles to contain it, and the ...

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(PDF) Shall Timor-Leste adopt accrual basis accounting

Consequently, the Ministry had to use the fund from another program that had been included in their working plan. If the budget was executed properly according to their working plan, the efficiency of the budget execution would be in place and thus this would benefit to the people.

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Ministry of Petroleum and Mineral Resources organizes …

The Ministry of Petroleum and Mineral Resources, through the EITI Secretariat (English acronym for Extractive Industries Transparency Initiative, the international standard for natural resources management) organized a public debate at the Higher Education level, ...

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Petroleum Revenue Management Department | Timor …

Liaise with relevant Ministry of Finance bodies on issues related to the fiscal regime in the petroleum sector and be their counterpart on related petroleum issues, and Provide advice on transparency and accountability in accordance with the Extractive Industries Transparent Initiative and participate in the National Working Group on Extracting Industry Transparency Initiative.

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The Asia Foundation – Tourism Timor-Leste

The National Tourism Policy has a stated goal of 200,000 tourist visits per year by 2030, which would energize the petroleum-dependent economy, but the harsh reality is that costly airfares, poor connectivity, and inadequate airports have kept this goal out of

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What''s Next for Timor-Leste''s Economy? – The Diplomat

 · His critics, including Ruak before he became prime minister, argued it is just a vanity project that will drain the country''s sovereign wealth fund, saddle Timor-Leste with bad debts and, in the ...

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Petroleum Fund of Timor-Leste | Timor-Leste Ministry of …

A Management Agreement between the Ministry of Finance and the Central Bank of Timor-Leste was signed in 2005. This was amended in June 2009 and its annex 1 was then amended in October 2010. Petroleum Fund Investment The Petroleum Fund Law

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8. COVID-19 and food systems in Timor-Leste

The Petroleum Fund contributes a major share of annual state budgets—83% in 2017 (Scheiner 2019:93)—and is projected to continue at levels beyond the sustainable drawdown rate. The recent volatility in global markets saw the Petroleum Fund lose US$1.8 billion (10%) in value due to financial market shocks (Lusa 2020).

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Further Widening In Timor Leste''s Fiscal Deficit Likely In 2021

The Ministry of Finance forecasts a not insignificant rise in debt service costs, prior to the agreement of any new loans, from USD7.2,m in 2019 to USD24.3 m in 2022. Debt-to-GDP in 2021 is estimated to reach 20.0%, still half the limit for Timor-Leste established by the IMF and World Bank, and presumably giving policymakers reason to believe they can tap additional loan finance.

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Home .:. Sustainable Development Knowledge Platform

6 From ashes to reconciliation, reconstruction and sustainable development Figure 22: Population projections for Timor-Leste 67 Figure 23: Percentage of population 13-15 years old who are still in school, by educational level 68 Figure 24: Access to water

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Timor Leste''s Government Forsakes Tasi Mane Ambitions

Monteiro and Pires'' replacements at Timor GAP and the petroleum ministry, respectively, are experienced industry official Antonio de Sousa, and his fellow Fretilin party member Vitor Soares. Tasi Mane Coast Development Plan Timor Leste Source: Various ...

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