Law no. 4/2003 on Oil Resources Development within East-Timor territorial sea. Country/Territory Timor-Leste Document type Legislation Date 2003 Source FAO, FAOLEX Original source Jornal da Republica, Série I, no. 16, 16 September 2003, pp. 187-189 Subject Energy Keyword Oil Policy/planning Subsidy/incentive Transport/storage Authorization/permit Concession Geographical area Asia, Asia and the Pacific, Indian Ocean, Least Developed Countries, Small Island Developing States, South-Eastern Asia Abstract This Law rules on oil development within Est Timor territorial sea. The Law encourages the development of oil resources and, to this end, provides a special fiscal regime for investors. Full text Portuguese