AGP Executive Report
Last update: 3 hours agoMining: Estrella Resources’ Werumata limestone study projects a US$1.45 billion after-tax value and a 46% return. The proposed first stage would cost US$117 million, with a final investment decision targeted for late 2027. Energy Security: Timor-Leste is considering joining an ASEAN oil stockpiling scheme that could let members access fuel held in Indonesia and Thailand during emergencies. Offshore Investment: Singapore’s PaxOcean is reportedly in pole position to refurbish the Petrojarl I vessel for Finder Energy’s Kuda Tasi-Jahal project, with a final investment decision expected by November 30. Regional Ties: At next week’s ASEAN summit, leaders are set to discuss Timor-Leste’s integration as a new member and its ambition to chair the bloc by 2029. South Korea has also agreed to support the country’s economic and social development.
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