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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

East Timor’s oil fund totals US$13 bln in 1st quarter

Posted on 15 May 2013

East Timor’s Oil Fund grew by US$1.2 billion in the first quarter of the year to US$13 billion at the end of March, said the East Timor Central Bank in Dili Monday.
According to the bank’s statement, gross monies paid into the Fund from royalties and taxes totalled US$946 million, and no funds were transferred to the State’s general account in the period………………………………………..Full Article: Source


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