The Timor-Leste Petroleum Fund is a sovereign wealth fund that receives surplus revenues from East Timor's petroleum and gas operations. Established in 2005 with an opening balance of 205 million US dollars, it had grown to approximately 18.5 billion US dollars in assets under management by December 2021. The fund adheres to the Santiago Principles and is a member of the International Forum of Sovereign Wealth Funds, and ranked seventh among 64 global sovereign wealth funds for transparency in a 2019 assessment.
Facts
Geography
Country or Jurisdiction ServedWikidata Q7806942, property P17 (country). Founding YearSourced to the subject's own account ScopeSourced to the subject's own account Classification
Institution SubtypeSourced to the subject's own account In the Other Atlases
Located In
Also in Geography Atlas: where this subject is located.
Sources
1. Timor-Leste Petroleum Fund (Wikipedia)
WikipediaEstablishment, opening balance
The Fund was established in 2005 with an opening balance of $205 million.
Lead sentence
The Timor-Leste Petroleum Fund (Portuguese: Fundo petrolífero de Timor-Leste) is a sovereign wealth fund into which the surplus wealth produced by East Timor petroleum and gas income is deposited by the East Timorese government.
View the Source 2. Wikidata
Wikimedia Foundation- Country or Jurisdiction Served: Timor-Leste
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