AGP Executive Report
Last update: 3 hours agoOil & Storage Buildout: Singapore fuel distributor Global Group has started construction of its first Timor-Leste fuel storage terminal in Liquica, a US$10 million tank farm with two floating-roof tanks for 3.5m litres of diesel and 2.5m litres of petrol, targeted for completion in 10 months, with further expansion planned for 2030. Offshore Oil Development: Timor-Leste’s petroleum regulator ANP has approved Finder Energy’s field development plan for the Kuda Tasi and Jahal (KTJ) project in the Timor Sea, clearing the way toward a final investment decision, with phased development using the redeployed Petrojarl I FPSO, three subsea production wells, and related infrastructure. Fisheries Compliance Cooperation: Timor-Leste and Papua New Guinea are strengthening fisheries enforcement through a Fisheries Officer Exchange focused on monitoring and compliance practices, including port inspections, vessel monitoring systems, and catch documentation under a regional IUU fishing program. Energy Market Watch: Regional coverage also flagged how renewed Middle East tensions are pushing oil prices higher, a reminder that fuel and shipping costs can quickly ripple into Timor-Leste’s construction and logistics plans.
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