2011 Budget, Petroleum Fund Law, PETRONATIL - Oh my!

Timor-Leste's Government -- especially the sister and brother who head the Ministry of Finance and the State Secretariat for Natural Resources -- has been busy. This week alone will see:

• Compilation of inputs on the proposed revision of the Petroleum Fund Law (also Tetum)
• Submission of the $985 million General State Budget for 2011 (also Tetum) to Parliament (15 Nov.)
• Public consultations on the creation of a new National Oil Company (PETRONATIL) and the Institute of Petroleum and Geology (IPG) (18 Nov.).

Follow the links for more information, including documents and our analysis, on these issues which are crucial to the sustainable development of Timor-Leste. Last week we posted our submission on the Petroleum Fund Law revision, the overall parameters of the 2011 budget, and the latest quarterly report from the Petroleum Fund, which now contains $6.34 billion worth of bonds and $260 million in equities. We also made submissions on Petronatil and IPG.