East Timor – Australia problematic billion-dollar gas and oil accord
Saturday, December 3, 2005 Australia and East Timor officials signed a billion-dollar gas and oil accord, which is necessary because of a current maritime border dispute between the countries, which covers a major oil field. Although the accord has to be ratified by East Timor's parliament which is ruled by Fretilin with 55 seats the biggest block in parliament, but all the smaller parties are...