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Public Consultation on Establishing a Petroleum Fund for Timor-Leste

October-November 2004

Direct link to La'o Hamutuk Submission on Petroleum Fund Discussion Paper, December 2004

Direct link to La'o Hamutuk Submission on draft Petroleum Fund Act, March 2005

Direct link to La'o Hamutuk Submission to Parliament on Petroleum Fund Act, June 2005

Background

In October 2004, the Timor-Leste government's Ministry of Planning and Finance released a Public Consultation Discussion Paper on Establishing a Petroleum Fund for Timor Leste  (Available also in Tetum or Portuguese). They also announced a public consultation process on the ideas discussed in the paper.

On 16 November 2004, a half-day public meeting was held at CAVR in Dili, with presentations by the Prime Minister, the Finance Minister, and the General Manager of the Banking and Payments Authority. Link to the slides from the presentation in English or Portuguese.

People were invited to make written submissions to the Petroleum Fund Steering Committee by the end of November. La'o Hamutuk made a submission, as did several other organizations.

La'o Hamutuk Submission   (printable English PDF)   (Printable Portuguese PDF)

La'o Hamutuk's submission refers to the following documents, in addition to the first two other submissions listed below:

From La'o Hamutuk

From the Government of RDTL

From the Government of Norway and Norges Bank

From advisors to and the government of São Tomé e Príncipe

Regarding petroleum supply and prices

Regarding the stability of the United States dollar

Submissions by other organizations

Draft law introduced

On 31 January 2005, the Ministry of Planning and Finance released a draft law on the Petroleum Fund. A series of public consultations were held, and submissions were accepted through 1 March.

Follow this link for details and documents relating to the Petroleum Fund Draft Act and public consultation.

In February and March 2005, La'o Hamutuk submitted comments to two international conferences on the Extractive Industries Transparency Initiative: in Paris organized by the World Bank, and in London organized by the British Government.   The Prime Minister addressed the London conference.

The draft law was revised and approved by the Council of Ministers on 12 April 2005.

In June 2005, it was considered in Parliament. Parliamentary Commission C invited testimony from several NGOs.


All pages linked to by this page are English unless otherwise specified. Many of the documents are in Adobe Acrobat format (PDF) and may require Adobe Acrobat Reader (free download) to be read.


The East Timor Institute for Reconstruction Monitoring and Analysis
1a Rua Mozambique, Farol, Dili, Timor Lorosa’e
P.O. Box 340, Dili, East Timor
Tel: +670-3325013 or +670-7234330
email: laohamutuk@easttimor.minihub.org
Web: http://www.etan.org/lh