Extractive Industries

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 ...

A new gold extraction firm Xing Yuan Kanng Yeak Co., Ltd, has started commercial gold extraction operation in its licensed areas in Kratie province, with a capacity of 20 kilogrammes of gold doré a month in the first stage, according to the Ministry of Mines ...

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. ...

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 ...

The mine clearance project in Thbong Khmum province have so far been about 70 percent complete. ...

Cambodia imported $244.754 million worth of “iron and steel” in the first eight months of 2022, up 19.97 per cent from the $204.018 million recorded over the same time in 2021, according to Customs. ...

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. ...

Cambodia expects to receive millions of dollars next month 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 ...

The Council for the Development of Cambodia (CDC) has approved five new projects in solar panel manufacturing, healthcare, tourism, mining, and textiles, with total investment of more than $82 million that are expected to create nearly 2,000 jobs. ...

The NGO Youth Resource Development Programme (YRDP) has launched a campaign to promote and lobby for the establishment of an “extractive industries fund”, with more than 100 youths from various universities participating. ...

Experts claim that the Tonle Bassac sand mining is very significant for the construction sector and a source of revenue for the national budget, but some people are being severely negatively affected by the sand mining in those areas. ...

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 ...

Delcom Campuchea Plc., a joint venture between local and Chinese investors, has started its trial operation in Preah Vihear northern province since early August, extracting about 20 kilogrammes of gold ore. ...

Australian mining company Renaissance Minerals has produced its first gold in Cambodia’s Mondulkiri province, earning the Cambodia government $5.1 million in taxes, a senior government official said on Tuesday. ...

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 ...

Cambodia’s two gold producers have pumped out 252 semi-refined gold bars weighing 3,563kg as of the beginning of this month, according to a senior mining official on August 9. ...

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. ...

The Indonesian Embassy in Cambodia introduced the art of batik making and Indonesian jewellery styles by hosting two major workshops in Siem Reap. ...

The Ministry of Mines and Energy and the Japan International Cooperation Agency (JICA) signed a memorandum of understanding (MoU) on April 29 on the implementation of a project to prepare the Kingdom’s transition to clean energy and a roadmap to carbon neutrality. ...

The Cambodian government has lifted all COVID-19 travel restrictions in the hopes of boosting the hard-hit tourism industry, but now businesses say sanctions on Russia and the resulting high energy prices are hampering the sector’s recovery. ...

Leaders and businesspeople from the Malaysian state of Malacca have vowed to promote investment among compatriots in four target Cambodian sectors – education and vocational training; real estate; mining; and energy, according to the Council for the Development of Cambodia (CDC). ...

Authorities in Banteay Meanchey province banned all activity related to excavation on Phnom Bak in Sisophon town to preserve it as a natural heritage site. ...

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. ...

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. ...