TLGov: Timor-Leste leads Asia-Pacific in Petroleum Transparency

For the information of readers of the media release below by the de facto TL Govt:
As the EITI site (link address below) clearly acknowledges, the process was begun some years back. It was Dr Alkatiri as Prime Minister who committed TL to the emerging EITI movement in London, in June 2003, at the time referred to as the “Blair Initiative”. We were one of the first countries to do so.
Under Dr Alkatiri’s stewardship, as Secretary of State for Natural Resources, I undertook the public consultation and legislation process for the Petroleum Exploration Law and Petroleum Fund Law, both of which continued to be lauded for their highly transparent legislative framework.
It is after all this framework that enables TL to manifest the level of transparency required by the EITI.
On 15 May 2007, after disruption from the crisis of 2006, I opened the first multi-stakeholder working group, which began the process towards formal candidature.
The release implies that the accolades that should rightly be heaped on Tl for its highly transparent status has been attained by the current government. The hard work had all been done with establishing the legal framework, establishing the institutions and the decision to embrace the EITI principles from their inception. We welcome the de facto government maintaining the same path we set the Timor-Leste petroleum on some years ago, and shall persist in ensuring it is not eroded from in future, but in fact strengthened.
Jose Teixeira, former Minister for Natural Resources, Minerals and Energy, Policy FRETILIN MP

http://eitransparency.org/fr/timor/lesteTimor-Leste
Overview of Extractive Industries in Timor LesteOver the next few decades, Timor-Leste is expected to accrue substantial revenues from oil and gas production. To date, production has come from a joint development area in the Timor Sea. Further onshore and offshore activity is expected. The World Bank estimates revenues in excess of USD 1 billion from FY05-09. As a petroleum-rich country, Timor-Leste needs to be particularly vigilant in maintaining good governance to avoid the resource curse prevalent in many resource-rich countries. The Government has adopted a legal framework for petroleum production, taxation, and revenue management that is considered international best-practice.
Status of EITI ImplementationTimor Leste was accepted as an EITI Candidate Country on 22 February 2008.
Timor Leste has until 9 March 2010 to undertake validation.
The first meeting of Timor-Leste’s Multi-Stakeholder Working Group for the Extractive Industries Transparency Initiative (EITI) was held in Dili on May 15, 2007, bringing together representatives from relevant government agencies, civil society, and the petroleum industry. The multi-stakeholder working group has produced a costed workplan that is available online: http://www.timor-leste.gov.tl/EMRD/index.asp
Governance of EITI Implementation in Timor LesteHon. Jose Teixeira, Minister of Natural Resources, Minerals and Energy Policy, was selected by the Prime Minister to be the government official responsible for EITI. The Prime Minister also appointed Mr. Manuel de Lemos to be the EITI coordinator to guide implementation on a day-to-day basis.
Timor Leste EITI Focal Point
Mr. Manuel de Lemos
Director
Secretariat of State for Natural Resources
Dili, Timor-Leste
E-Mail: delemos.manuel@gmail.com
For further information contact Sam Bartlett at the EITI International Secretariat.

Date: Thu, 21 Jan 2010 08:17:14 -0500
To: east-timor@lists.riseup.net
From: fbp@igc.org
Subject: TLGov: Timor-Leste leads Asia-Pacific in Petroleum Transparency

The Secretary of State for the
Council of Ministers and

Official Spokesperson for the Government of Timor-Leste

Ágio Pereira

January 20, 2010

Díli, Timor-Leste

Timor-Leste leads Asia-Pacific in Petroleum
Transparency

Revenue Watch says Timor-Leste is leading the way in the Asia Pacific
Region with good governance in the Petroleum sector through efforts to
become compliant with the international mechanism known as the
Extractive Industries Transparency Initiative (EITI), which has
defined the global standard for transparency in the oil, gas and mining
sectors.

The EITI requires nations’ to work with civil society and private
companies to reach a level of transparency in the management of natural
resources. To receive EITI status, a country must first become a
candidate country meeting four key indicators after which a country has
two years to complete EITI validation for compliant status.

The EITI has 18 requirements that a nation must meet to be declared
compliant. Timor- Leste is in its’ final stages of the compliance process
with an independent validator currently reviewing the petroleum
governance system.

As part of the EITI process, Timor-Leste was required to form a
multi-stakeholder group, chaired by the Secretary of State for Natural
Resources, H.E. Alfredo Pires, to develop a comprehensive work plan and
publish an EITI report. The Timor-Leste EITI report was launched in
December 2009 and published on the EITI website.

The EITI Chairman Peter Eigen said “Timor- Leste was one of the first
countries to commit to the EITI, and the Multi-Stakeholder Working Group
has worked diligently to ensure that the EITI provide a detailed and
comprehensive account of petroleum revenues. I congratulate the
Government and the members of the Multi-Stakeholder Working Group on the
achievement of this milestone”.

Thus far, The EITI has some 30 countries in the race for compliance. To
date only two countries has achieved compliance. Timor-Leste aims to be
complaint by March 2010. Since the launch of Timor-Leste’s EITI report;
Timor-Leste been praised by the World Bank and other independent
organizations for efforts in ensuring transparency and accountability in
the management of the petroleum sector; specifically in the
reconciliation and publication of government receipts and industry
payments from the oil, gas, and mining sector.

Secretary of State Ágio Pereira said “One of the most important roles of
the Xanana Gusmão Government is to protect and prudently manage the
petroleum sector to benefit the resource owners, the people of
Timor-Leste. Transparency and accountability has been a key priority to
ensure those resources and the revenue derived are properly accounted for
and that global good governance standards are met and implemented by the
Government. This is a major milestone for both the Government, civil
society and the industry, which will contribute significantly to national
development representing another successful collaboration between the
Government of Timor-Leste, our civil society and the private sector.”

ENDS

For More Information Please Contact:

Ágio Pereira +670 723 0011

agiopereira@cdm.gov.tl

or visit the EITI website

http://www.eitransparency.org

etanetanetanetanetanetanetanetanetanetanetanetan

Support ETAN in 2010! To make a contribution go to

http://etan.org/etan/donate.htm Thank you for your support.

John M. Miller, National Coordinator

East Timor & Indonesia Action Network (ETAN)

PO Box 21873, Brooklyn, NY 11202-1873 USA

Phone: +1-718-596-7668 Mobile phone: +1-917-690-4391

Email john@etan.org Skype: john.m.miller

Web site:
http://www.etan.org

Twitter:

http://twitter.com/etan009

Blog:

http://etanaction.blogspot.com/

Facebook:

http://apps.facebook.com/causes/134122?recruiter_id=10193810

Send a blank e-mail message to info@etan.org to find out

how to learn more about East Timor on the Internet

Winners: John Rumbiak Human Rights Defender Award for 2009

etanetanetanetanetanetanetanetanetanetanetanetan

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s