LUSA 11/08/2025

Lusa - Business News - Timor-Leste: Oil fund increases to $18.95B at end of September

Dili, Nov. 7, 2025 (Lusa) - The capital of Timor-Leste's Petroleum Fund rose between July and September to $18.95 billion (€16.4 billion), according to a quarterly report released today by the Central Bank of Timor-Leste (BCTL).

"The fund's capital at the end of the quarter (...) was $18.95 billion, while in the previous quarter it was $18.74 billion (€16.25 billion)," reads the BCTL report.

According to the document, gross cash inflows into the fund from royalties and taxes totalled $6.73 million (€5.84 million).

Cash outflows during the quarter totalled $355.78 million (€308.51 million), namely $351.95 million (€305.19 million) in transfers to the state budget and $3.83 million (€3.32 million) in management expenses.

In this three-month period, the fund's profit totalled $553.30 million (€479.79 million). "The return on investment on the financial market was 3.5%," adds the BCTL.

The Timor-Leste Petroleum Fund was set up on 3 August 2005 and the Timorese central bank is responsible for its operational management.

 

MSE // VQ

Lusa/Fim