Timor-Leste | Extractive Industries Transparency Initiative
2021-2-10 · Timor-Leste''s economy is heavily dependent on oil and gas.According to the latest EITI Report, the oil and gas sector accounted for over 90% of the country''s revenues in 2016 and 2017 but is expected to see a decline in the following years as production from existing fields draw to a close. As a consequence of the higher oil prices (even with a decrease in the production) the revenues ...