UNTAET, Australia will review Timor Gap treaty<\/p>\n
CANBERRA (Antara): The Australian government and the United
\nNations Transitional Administration in East Timor (UNTAET), along
\nwith representatives of the former Portuguese colony, are slated
\nto renegotiate the Timor Gap Treaty in Dili on Oct. 9-11.<\/p>\n
Foreign Affairs Minister Alexander Downer, Industry and
\nResources Minister Nick Minchin and Attorney General Daryl
\nWilliams will represent the Australian government in the
\nnegotiation, the three said here on Monday.<\/p>\n
The Timor Gap Treaty between Indonesia and Australia will
\nexpire once the UN grants independence to East Timor.<\/p>\n
Australia welcomed the first phase of the negotiation on the
\nfuture of the oil exploration and exploitation of the gap.<\/p>\n
The negotiation aims to reach an agreement on the change of
\nthe treaty prior to East Timor's independence.<\/p>\n
"Hopefully, there would be other negotiations," Downer said.<\/p>\n
Australia and UNTAET have agreed that Australia could continue
\nits exploration of the gap once the former Indonesian province
\nbecomes independent.<\/p>\n
Two Australian companies, Phillips Petroleum Co and Multiplex
\nConstruction Pty Ltd last week announced they have begun
\nconstructing a 500-km-long gas pipe from the oil refinery field
\nin Bayu Undan in Timor Sea to Darwin, Australia.<\/p>\n
Bayu Undan is located at the southwest part of Zone A of the
\npresent Timor Gap Treaty.<\/p>\n
Indonesia and Australia signed the treaty in December 1989 to
\nexplore and exploit oil and gas at the border between the two
\ncountries.<\/p>\n
Based on the treaty, the Timor gap was divided into three
\nzones -- Zone A in which both Indonesia and Australia get 50
\npercent of the royalty; the Australia-controlled Zone B in which
\nIndonesia gets 10 percent of the royalty; and the Indonesia-
\ncontrolled Zone C in which Australia gets 10 percent of the
\nroyalty.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/untaet-australia-will-review-timor-gap-treaty-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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