Politics, news & academia

Your Thoughts On Australia-Timor Border Debate

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This debate has been going on for over a decade. its pretty obvious what Australia want from an agreement. There's oil and gas deposits worth an estimated $40 billion.
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This debate has been going on for over a decade. its pretty obvious what Australia want from an agreement. There's oil and gas deposits worth an estimated $40 billion.
Once again oil is going to cause a very nasty dispute. I would not just blame it on Australia, anyone looking at this area is interested in the oil. I would not be surprised if the US gets involved. Lol. You know how they love oil.
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As a geographical fact about known petroleum resources, this is wrong. Look at the map showing the location of the main oil resource — Greater Sunrise — with estimated revenues of $40 billion. Some 80% of this undeveloped field is to the east of the Joint Petroleum Development Area (JPDA). Shifting the boundary to equidistant still leaves 80% of Sunrise in Australian territory. True, Timor would then have 100% of the JPDA revenue from resources that lie north of an equidistant border, but at the moment they receive 90% of the revenue from resources currently being exploited, and under the existing agreement would receive 50% of the overall Sunrise revenue (not just the part of Sunrise which lies in the JPDA).

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Australia says the government in Dili should stick to treaties negotiated between the two countries that it says fairly carves up revenue and provides resource companies a stable legal framework that gives them confidence to invest in exploiting the rich underground reserves.

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One gets the feeling it is in fact Australia that is truly worried about drawing Indonesia in. Let's not forget the Australian border with Indonesia is also drawn beyond the halfway line. It was also negotiated under duress in the early years of the Western backed Suharto dictatorship. That much longer unequal border is presumably part of the reason Australian politicians are sticking to this embarrassing facade against Timor, one of the world's poorest nations.
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I hope there is a solution before blood is shed. Any time oil is involved the change of war and someone getting hurt is very high.
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On Monday this week, the court refuted Canberra's claims, announcing that it was indeed competent to hold a conciliation. Talks between the two countries will now continue over the next year.

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Mr Pereira said East Timor would continue to pursue a separate, binding arbitration underway in the Hague to have CMATS annulled because it was negotiated in"bad faith" due to the spying in 2004.
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