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East Timor and Australia Wrestle Over Riches Beneath the Sea |
| Section: CURRENT ISSUES / ANALYSIS |
| Author: Janaki Kremmer |
| Publication: The world & I online |
| Issue Date: 1/1/2005 |
| Size: 1,116 Words, 6,722 Characters |
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Not so long ago, Australians were being feted for helping tiny East Timor, their northern neighbor, gain independence from Indonesia. But a tug of war over riches lying at the bottom of the Timor Sea that divides the two countries has quickly changed the tone of the relationship. East Timor has branded Canberra a thief, complaining that a deal on harvesting the undersea energy riches greatly favored Australia. But after a rough patch, it looks as if the two countries could be back on an even keel--if things go according to plan.
The trouble centers on vast oil and gas deposits in the seabed that researchers estimate will be worth billions of dollars when developed. The fifteen-year-old boundary--drawn up long before East Timor was a country--gives the bulk of the seabed to Australia.
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. . .
...ecoming a "failed state" like Haiti if Australia does not relent, causing far greater problems for all the states in the region. But, Quinn said, "with a little cooperation from Australia, East Timor could become another Brunei--whose entire wealth is generated from oil revenues and is now a good member of [the Association of Southeast Asian Nations]."
© 2004 News World Communications Inc.
(809 of 6,722 characters)
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