By Upstream staff
East Timor’s parliament is due to ratify a deal with Australia next week that will pave the way for development of resources in the Greater Sunrise area, Prime Minister Jose Ramos-Horta said today.
Oil and gas producers are waiting for the deal to be ratified before committing to develop Greater Sunrise area, estimated to hold 8 trillion cubic feet of gas and up to 300 million barrels of condensate.
“I’m confident the parliament will ratify them,” Ramos-Horta said of the Treaty on Certain Maritime Arrangements in the Timor Sea and the International Unitisation Agreement, adding that they are due to be voted on by Dili on 19 February.
Australia has been putting off its own ratification of the deals until East Timor, also known as Timor-Leste, acted first.
Greater Sunrise operator Woodside Petroleum froze the $5 billion project in 2004 while waiting for Canberra and Dili to iron out their differences.
Another sticking point has been whether to build a liquefied natural gas processing plant for Greater Sunrise in East Timor with a pipeline to feed it the field’s production, or to send it to a plant being built in northern Australia.
During a visit to the United Nations to ask for a 12-month extension to a UN mission in East Timor, Ramos-Horta said a petroleum fund created two years ago to ensure transparency in managing the country’s resource income had already accumulated $1 billion.
He told Reuters that once the Greater Sunrise agreements were ratified by both Dili and Canberra, he expected the Woodside-led venture “would immediately begin further investments that will bring additional significant revenues to Timor-Leste within a few years”.
About 20% of Greater Sunrise lies in a Joint Petroleum Development Area (JPDA) between Australia and East Timor. Under the JPDA 90% of royalty revenue go to East Timor and 10% to Australia.
The new agreement would share revenue from the Greater Sunrise field that lies outside the JPDA 50-50 between the two countries, potentially delivering up to $14.5 billion to impoverished East Timor over 20 years.
As well as Woodside, Greater Sunrise’s stakeholders include ConocoPhillips, Shell and Japan’s Osaka Gas Co.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
MORE DETAILS:
A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
