Extractive Industries

Oil and gas resources

Block A oil on track

Last month’s purchase by Singapore-listed KrisEnergy of a 42.75 percent working interest in the Block A offshore energy concession made them a majority owner in the project, with an overwhelming control of 95 percent of the stakes. This acquisition is expected to accelerate the development ...

May Kunmakara
http://www.khmertimeskh.com/news/31655/block-a-oil-on-track/

Asean energy demand discussed

Cambodia urged the heads of all Asean national oil companies to cooperate together to ensure that there is demand and supply of energy in the 10-nation grouping, said a senior official in the Ministry of Mines and Energy. ...

May Kunmakara
http://www.khmertimeskh.com/news/29822/asean-energy-demand-discussed/

Oil, gas production not expected before 2018

Cambodia’s oil and gas reserves will not see any production until at least 2018, according to a report by London-based BMI. ...

Post Staff
http://www.phnompenhpost.com/business/oil-gas-production-not-expected-2018

Government taking inventory of fuel stocks

The Ministry of Commerce is visiting the Kingdom’s petroleum importers to check their inventories following the release of new regulations this week that require the companies to maintain and report their stock levels, a ministry official said yesterday. ...

Hor Kimsay
http://www.phnompenhpost.com/business/government-taking-inventory-fuel-stocks

Oil meeting in Siem Reap

The 42nd Asean Council on Petroleum members’ meeting will be held in Siem Reap next month, a senior government official told Khmer Times. The meeting, which will include representatives from the national petroleum companies of the nine other Asean members, plus Cambodia’s Ministry of Mines and ...

May Kunmakara
http://www.khmertimeskh.com/news/28903/oil-meeting-in-siem-reap/

Lower fuel prices no remedy for troubled transport sector

While local petroleum prices have dropped by nearly a quarter of their value since the start of the year, companies operating in the Kingdom’s highly competitive transportation sector insist they have not been able to convert lower fuel costs into higher profits – even when ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/lower-fuel-prices-no-remedy-troubled-transport-sector

Tela will double fuel storage, expand port

Kampuchea Tela Co Ltd, one of the Kingdom’s largest fuel importers and distributors, has announced that it will double its petrol storage facilities, increasing their capacity to 200 million litres, a local media outlet reported yesterday. ...

Post Staff
http://www.phnompenhpost.com/business/tela-will-double-fuel-storage-expand-port

Oil firm ready to push ahead with offshore drilling

Singapore-listed oil and gas firm KrisEnergy Ltd is moving closer to finalising its deal with the Cambodian government that will pave the way for extraction from the Block A offshore oil field once negotiations over a technical strategy and fiscal regime have been finalised. ...

Kali Kotoski
http://www.phnompenhpost.com/business/oil-firm-ready-push-ahead-offshore-drilling

Gas One aims to pipe into demand for LPG

A new Japanese company, Gas One (Cambodia) Co Ltd, aims to tap into the surge of liquefied petroleum gas (LPG) usage in the Kingdom by providing engineering and supply solutions to large-scale developments, its chief executive said yesterday. ...

Kali Kotoski
http://www.phnompenhpost.com/business/gas-one-aims-pipe-demand-lpg

Timor's help in draft oil law

Timor-Leste’s fledgling economy depends on oil and gas production and Cambodia is seeking assistance from Asia’s youngest nation to help develop its draft petroleum law which is expected to be adopted into legislation by the Council of Ministers next year. ...

May Kunmakara
http://www.khmertimeskh.com/news/27533/timor-s-help-in-draft-oil-law/

Petroleum law a step closer

The Ministry of Mines and Energy (MME) yesterday sent the newly-drafted petroleum law to civil society organizations and other partner institutions working in the extractive sector for consultations before submitting it to the Council of Ministers for approval by the end of this year. ...

Sok Chan
http://www.khmertimeskh.com/news/27469/petroleum-law-a-step-closer/

Oil and gas imports fall: ministry

The Kingdom’s petroleum and gas imports fell in the first quarter of this year due to waning consumer and business demands, according to the Ministry of Commerce. However, a large petroleum, lubricants and oil importer said the fall in gas imports was just relative and ...

Sok Chan
http://www.khmertimeskh.com/news/26222/oil-and-gas-imports-fall--ministry/

Fuel price caps steady as crude heating up

The Ministry of Commerce yesterday announced revised price caps on fuel sold at retail petrol stations throughout the Kingdom from June 12-21, setting a price ceiling of 3,450 riel per litre on regular gasoline, 3,500 riel per litre on premium gasoline and 3,150 riel per ...

Post Staff
http://www.phnompenhpost.com/business/fuel-price-caps-steady-crude-heating

Fuel prices steadily increase

Nearly four months after the Ministry of Commerce implemented a fuel-pricing mechanism that lowered prices at the pump to reflect the fall in the global commodity last March, petrol prices have inched back up to pre-intervention levels. ...

Hor Kimsay
http://www.phnompenhpost.com/business/fuel-prices-steadily-increase

Russian crude oil imports not on refinery’s wishlist

Russia is looking to expand its crude oil exports to ASEAN countries – including Cambodia – despite the Kingdom being years away from having refinery capabilities. ...

Kali Kotoski
http://www.phnompenhpost.com/business/russian-crude-oil-imports-not-refinerys-wishlist

New EIA rules for mining

The Ministry of Mines and Energy signed joint prakas with the Ministry of Environment to simplifying the environmental impact assessment (EIA) requirements for artisanal and small-scale mining practices.   ...

Kali Kotoski
http://www.phnompenhpost.com/business/new-eia-rules-mining

First oil refinery a step closer

Construction on a $3 billion oil refining plant, the Kingdom’s first, will start in October this year and is expected to be finished by the end of 2018, according to a senior executive at the signing of a memorandum of understanding (MoU) yesterday. ...

Sok Chan
http://www.khmertimeskh.com/news/24607/first-oil-refinery-a-step-closer/

Block D offshore oil license revoked

The government revoked the offshore oil exploration license of CPHL (Cambodia) Co Ltd after the project failed to meet the terms of its petroleum agreement, a state official said yesterday. ...

Cam McGrath
http://www.phnompenhpost.com/business/block-d-offshore-oil-licence-revoked

Transport companies agree to drop fees

Cambodia’s two largest ports and the country’s biggest transport associations agreed yesterday to cut fees on container shipments in response to newly appointed Transportation Minister Sun Chanthol’s industry-wide call on Monday for solutions to reduce the high cost of logistics and transport. ...

Cheng Sokhorng
http://www.phnompenhpost.com/business/transport-companies-agree-drop-fees

Scant details emerge on petroleum pipeline project

The Council of Ministers has granted a petrochemical company two years to conduct feasibility studies for constructing a network of oil and gas pipelines to crisscross Cambodia, but details about the pipeline project and the company set to carry out the study are about as ...

Kali Kotoski
http://www.phnompenhpost.com/business/scant-details-emerge-petroleum-pipeline-project

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