FED:US company loses $2 billion compo claim against c'wealth
An American company has lost its multi-billion dollar compensation claim against theCommonwealth for loss of rights to vast oil and gas reserves in the Timor Sea.
The Australian government secured rights to the rich resource field through the TimorGap Treaty signed with Indonesia.
But Petrotimor and its related company Oceanic Exploration claimed to have held pre-existingexploration …
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