AGP Executive Report
Last update: 28 minutes agoInvestment: Timor-Leste is seeking Malaysian partners in agriculture, agro-processing, infrastructure, energy, manufacturing and digital services, with its foreign minister also urging cooperation on skills and institutional development. Mining: Estrella Resources’ study projects a US$1.45 billion after-tax value for its Werumata limestone project, based on a 25-million-tonne annual operation; the company targets a 2027 investment decision and 2028 production start. Offshore Energy: Singapore’s PaxOcean is reportedly in line to refurbish Finder Energy’s Petrojarl I vessel for the Kuda Tasi and Jahal project, with a contract award expected after a final investment decision now set for November 30. Fuel Security: Timor-Leste is considering joining an ASEAN-backed oil stockpiling scheme, which would initially link storage in Indonesia and Thailand with buyers including the Philippines.
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