Timorese president OKs LNG funding

TIMOR-Leste president Francisco Guterres has approved use of the nation’s sovereign wealth fund – earned from petroleum revenues – for a US$650 million purchase of ConocoPhillips’ and Shell’s shares of the Greater Sunrise gas project. 

Timorese president OKs LNG funding Timorese president OKs LNG funding Timorese president OKs LNG funding Timorese president OKs LNG funding Timorese president OKs LNG funding
The president earlier vetoed the bill allowing the use of the fund, suggesting the monies could be misused, and suggested the proposal would have to first be revised, however having won the approval