Extractive Industries

Oil and gas resources

Kingdom’s share in crude oil sale $14.21M

Cambodia is set to receive more than $14 million in proceeds from the sale of nearly 300,000 barrels of crude oil stolen by the Bahamas-flagged tanker MT Strovolos last year following a payment dispute with the Apsara oil field’s Singaporean developer, KrisEnergy, according to a ...

https://www.phnompenhpost.com/business/kingdoms-share-crude-oil-sale-1421m

Cambodia imports oil, gas products worth $2.84 billion in first 9 months

Cambodia imported oil and gas products worth $2.84 billion in the first nine months of 2022, up 66 percent from $1.71 billion in the same period last year, according to a report from the General Department of Customs and Excise on Monday. ...

Khmer Times Staff
https://www.khmertimeskh.com/501166331/cambodia-imports-oil-gas-products-worth-2-84-billion-in-first-9-months/

Canadian firm granted oil, gas exploration, production licence

The government has given the nod to EnerCam Resources Co Ltd, a subsidiary of Toronto-listed Angkor Resources Corp, for oil and gas exploration, development and production on southwestern Cambodia’s roughly 7,300sq km onshore Block VIII in the Kampong-Som Basin, the parent company reported on October ...

May Kunmakara
https://www.phnompenhpost.com/business/canadian-firm-granted-oil-gas-exploration-production-licence

Cambodia to receive 70% of stolen oil revenue

Cambodia is slated to receive 70 percent of revenue from crude oil that was stolen by a tanker after a dispute with Singapore’s KrisEnergy which abandoned an offshore oil block off Cambodian waters. ...

Seng Mengheng
https://kiripost.com/stories/cambodia-to-receive-70-of-stolen-oil-revenue

Despite huge gas potential, OCA negotiation makes little progress

Even though Cambodia and Thailand recognise that the Overlapping Claims Area (OCA) holds a huge quantity of natural gas and resources for both countries, the negotiation of sharing benefits has not crossed their minds since the dispute started over three decades ago, according to a ...

Kang Sothear
https://www.khmertimeskh.com/501136633/despite-huge-gas-potential-oca-negotiation-makes-little-progress/

Cambodia expects to get $18M from first oil sale

Cambodia will generate its first revenue of about $18 million by selling nearly 3,000 barrels of crude oil to a Singaporean firm if the government approves the latest results of the negotiations between Cambodian officials, the shipment company and the buying firm, according to a ...

Kang Sothear
https://www.khmertimeskh.com/1129068/cambodia-expects-to-get-18m-from-first-oil-sale/

Canada firm mulls offshore oil extraction in Kingdom’s Block A

Canadian-owned company EnerCam Resources Co Ltd (EnerCam) is studying the possibility of investing in oil extraction from Cambodia’s offshore Block A after the government terminated an agreement with Singapore-based KrisEnergy Ltd, after the oil and gas exploration company went bankrupt last year. ...

Hom Phanet
https://www.phnompenhpost.com/business/canada-firm-mulls-offshore-oil-extraction-kingdoms-block

PM Hun Sen calls for calm as gasoline prices soar to record high

Prime Minister Hun Sen yesterday appealed to people to calm down as gasoline prices hit another high peak, citing that global crude oil has been on surge as the Russian-Ukraine crisis threatened to disrupt global supply. ...

Chea Vanyuth
https://www.khmertimeskh.com/501034692/pm-hun-sen-calls-for-calm-as-gasoline-prices-soar-to-record-high/

Iran invited to survey oil, gas in Cambodia

Cambodia has invited Iran to examine the feasibility of developing the Kingdom’s existing oil blocks and requested that the republic conduct further oil and gas exploration studies. ...

The Nation Thailand's staff
https://www.nationthailand.com/international/40012676

Iran invited to oil, gas scene

Cambodia has invited Iran to examine the feasibility of developing the Kingdom’s existing oil blocks and requested that the republic conduct further oil and gas exploration studies. ...

Hom Phanet
https://www.phnompenhpost.com/business/iran-invited-oil-gas-scene

Ministry denies abuse claims by ‘stolen’ tanker’s owners

The government has denied allegations of human rights violations against the crew of a tanker which left Cambodian waters with a cargo of oil. It said the vessel’s master had already been jailed by Indonesian authorities and it wanted the crew extradited to face charges ...

Michael Firn
https://www.khmertimeskh.com/50945151/ministry-denies-abuse-claims-by-stolen-tankers-owners-2/

Cambodia claims entire ownership of stolen crude oil loaded on MT Strovolos

Ministry of Mines and Energy has claimed that the stolen $21 million crude oil on MT Strovolos legally belongs to Cambodia, denying the news and declarations of owners and managers of the vessel. ...

Khmer Times Staff
https://www.khmertimeskh.com/50945269/cambodia-claims-entire-ownership-of-stolen-crude-oil-loaded-on-mt-strovolos/

Ministry sets the record straight on MT Strovolos and her crew

THE “theft and/or misappropriation” of some 295,000 barrels of crude oil belonging to Cambodia by the owners, managers and crew of a tanker – detained by Indonesian authorities in July – and their accomplices “constitute criminal acts pursuant to the relevant Cambodian laws”. ...

May Kunmakara
https://www.phnompenhpost.com/business/ministry-sets-record-straight-mt-strovolos-and-her-crew

Energy Ministry demands return of ‘stolen’ Cambodian oil

The Cambodian government says it is taking legal action against the owners or charterers and the managers of a tanker containing 300,000 barrels of oil, which it says belong to the Kingdom. ...

Michael Firn
https://www.khmertimeskh.com/50928950/energy-ministry-demands-return-of-stolen-cambodian-oil/

Indonesian navy seizes tanker wanted in Cambodia oil heist

Indonesia’s navy on August 25 said it has seized a tanker and its crew who were wanted on charges of stealing nearly 300,000 barrels of crude oil from Cambodia’s reserves. ...

AFP
https://www.phnompenhpost.com/business/indonesian-navy-seizes-tanker-wanted-cambodia-oil-heist

Focus shifts to onshore oil and gold mining as offshore exploration stumbles

The Kingdom has a golden future in spite of the crude reality that there may be no more oil extracted from its waters in the near term, according to Prime Minister Hun Sen.​ ...

Michael Firn
https://www.khmertimeskh.com/50907152/focus-shifts-to-onshore-oil-and-gold-mining-as-offshore-exploration-stumbles/

US orders seizure of illegal oil tanker bound for North Korea that was detained by Cambodia

The United States Department of Justice has ordered the confiscation of a Singaporean oil tanker that it alleges was used for illegal oil shipments to North Korea, which is currently being held in Cambodia. ...

Khmer Times Staff
https://www.khmertimeskh.com/50905550/us-orders-seizure-of-illegal-oil-tanker-bound-for-north-korea-that-was-detained-by-cambodia/

Kingdom’s oil dreams live on even after driller files for liquidation

KrisEnergy Ltd, the operator of the Apsara oil field development offshore Cambodia, has confirmed that all operations of its subsidiary in Cambodia, KrisEnergy (Cambodia) Ltd, will continue as normal, despite its parent company filing for liquidation on June 4, according to a senior official of ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdoms-oil-dreams-live-even-after-driller-files-liquidation

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