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Timor-Leste Timor-Leste

EITI Status

EITI Status: 
Compliant country

Compliant since

Compliant since: 
1 July 2010

Extractive Industries

All of Timor Leste's oil and gas production is from the Bayu-Undan and Kitan fields  located in the Joint Petroleum Development Area (JPDA) in the Timor Sea. Australia and Timor Leste jointly control and manage petroleum activities in the JPDA. Exploration is on-going in the Timor Leste Exclusive Area (TLEA) but there have not yet been any commercial discoveries. Further onshore activity is expected.

About 77% of Timor Leste's GDP in 2012 is from oil activities. All of Timor Leste's revenue from the oil sector - appx. US $3.8 billion in 2012 - is deposited in the Petroleum Fund, which amounted to US $16.6 billion in June 2014 (www.eiti.tl). The EITI Reports track how much of the Petroleum Fund is transfered annually to Timor Leste's budget.  

EITI Reporting

The country produces EITI Reports that disclose revenues from the extraction of its natural resources. Companies disclose what they have paid in taxes and other payments and the government discloses what it has received. These two sets of figures are compared and reconciled.

EITI Implementation

Timor Leste published its 2012 EITI Report on 6 February 2015. The report is Timor Leste's first under the EITI Standard and as such includes considerably more information about the extractive sector, including production data, information about the legal framwork and licensing procedures. TL-EITI is now working on the 2013 EITI Report to be published later this year, which should improve the timeliness of EITI data. As some civil society organisations have pointed out, up-to-date information information is also available on government websites such as the National Petroleum Authorities and the Petroleum Fund website.

A workplan for 2014 was agreed by the MSG in December 2013, and is now being updated for 2015. The government is developing a Transparency Law which will ensure a stronger legal backing for the EITI.

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Innovations

The government is exploring options for linking EITI implementation to other transparency and accountability reforms. This has been presented as the “Timor-Leste’s Transparency Model”, including a transparency portal.

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National Coordinator

Timor-Leste
National Coordinator EITI
Ministry of Petroleum and Minerals Resources

International Secretariat

Timor-Leste
Country Manager
EITI International Secretariat
+66 88 604 9930
Timor-Leste
Policy and Regional Director
EITI International Secretariat
+47 21 68 53 84 / + 47 90 79 79 37

Facts & Figures

Latest Eiti Report: 2013 Report
Deadline for next Eiti report: Saturday, 31 December 2016
Number of fiscal years published: 6

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