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jose ramos-horta: east timor will survive as oil ends | news

jose ramos-horta: east timor will survive as oil ends | news News Article With The full text news. The Resource Link is down the post and you can View this News Article in the source page.



jose ramos-horta: east timor will survive as oil ends | news

east timor, one of the world's poorest countries, could still be an economic success story despite reports its main oil and gas fields will run dry by 2022 and it will go bankrupt by 2027, according to its former leader.devastated by years of foreign occupation, southeast asia's youngest nation has relied heavily on its dwindling energy sector, which accounted for 78 percent of its 2017 state budget.speaking on the sidelines of international civil society week in the fijian capital, suva, jose ramos-horta - who served as prime minister from 2006-2007 and president from 2007-2012 - insists his country, once seen as a poster child for developing nations, can overcome its economic hurdles."east timor is only 15 years old. if you saw what my country was like at the start of this century, you'd be shocked," ramos-horta told al jazeera.indonesia annexed east timor, which sits at the eastern end of the indonesian archipelago, in 1975 when long-time colonial power portugal set it free.indonesian strongman suharto's military swept across the country in a lightning offensive, laying waste to entire villages with us-made weapons and equipment.more than 100,000 east timorese were killed during the 24-year occupation in what academics from the university of oxford and yale university have called genocide.when indonesia finally left in 1999 following a un supervised independence referendum, more than 80 percent of the country's infrastructure had been destroyed.the country became fu...