E. Timor president vetoes using petroleum fund to buy Sunrise gas project

16 December 2018, News Wires — East Timor’s president has vetoed a government bid to increase access to its petroleum fund for investment in energy projects, potentially delaying a $650 million buyout of Royal Dutch Shell and ConocoPhillip’s holdings in the Greater Sunrise gas project. Those deals would give Timor Leste a majority stake in … More »