Non-renewable energy production
Oil and gas
Retail fuel rates raised for fifth time
Economists and manufacturing players are concerned about the relentless rise in Cambodian fuel prices, which they blame for a general upswing in the prices of other goods and services – a trend many fear may be extended by Russia’s military offensive in Ukraine. ...
Hom Phanet
https://www.phnompenhpost.com/business/retail-fuel-rates-raised-fifth-time
Retail fuel rates hiked for fourth straight period
The government has increased retail fuel prices for the fourth bimonthly period in a row, as oil climbs towards $100 per barrel – a trend that has devastated the transport and private-hire sectors and other major petrol consumers ravaged by Covid-induced revenue losses for more ...
Hom Phanet
https://www.phnompenhpost.com/business/retail-fuel-rates-hiked-fourth-straight-period
Kingdom seeks buyers for crude amid discouraging production
The government and Singaporean oil exploration firm KrisEnergy Ltd are actively working together to find markets for the crude oil produced offshore Cambodia and to plan for further steps in resource development for Block A, according to a senior government official. ...
May Kunmakara
https://www.phnompenhpost.com/business/kingdom-seeks-buyers-crude-amid-discouraging-production
Indebted oil company reports lower-than-expected oil at Cambodian block
KrisEnergy has warned that its current production rate at Cambodia’s Apsara offshore oil block has yielded only around half the company’s projected peak rate, and it has extended debt repayment deadlines and brought in an engineering firm to assess the situation amid “material uncertainty ...
Danielle Keeton-Olsen
https://vodenglish.news/indebted-oil-company-reports-lower-than-expected-oil-at-cambodian-block/
KrisEnergy may face action: Gov’t official
Following the announcement last week by KrisEnergy Ltd of less-than-anticipated results from oil production at the Apsara Mini Phase 1A development, a senior official from the Ministry of Mines and Energy said the government could penalise the company or terminate its licence. ...
Sok Chan
https://www.khmertimeskh.com/50834110/krisenergy-may-face-action-govt-official/
Cambodia chalks up five oil wells
Singapore-based oil and gas firm KrisEnergy Ltd began extracting crude oil from four additional wells late last month, according to Cheap Sour, a senior official at the Ministry of Mines and Energy. ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-chalks-five-oil-wells
Oil revenue no short-term fix to economic growth: PM
Prime Minister Hun Sen has said that oil revenues will have less of an impact in the short term on the country’s overall economy than other traditional business sectors. His statement was made during a joint ceremony for the inauguration of the Chamkar Mon Water ...
Tom Starkey
https://www.khmertimeskh.com/50809405/oil-revenue-no-short-term-fix-to-economic-growth-pm/
KrisEnergy seeks additional delay to Cambodia Block A scheduled oil extraction
A senior official of the General Department of Petroleum at the Ministry of Mines and Energy said the ministry is reviewing a request letter from Singapore-listed company KrisEnergy asking for a delay to the start of oil extraction in Cambodia Block A. ...
Talks to resume on offshore oil and gas
Thailand’s outgoing Energy Minister Sontirat Sontijirawong expects that there will be a resumption of talks to resolve the dispute of the offshore petroleum blocks in the overlapping maritime territories between Cambodia and Thailand after a delay of 20 years, according to a Bangkok Post report. ...
Sok Chan
https://www.khmertimeskh.com/50747626/talks-to-resume-on-offshore-oil-and-gas/
Kandal’s 400mW heavy fuel power plant to resume construction next month
Construction on a 400 megawatt (mW) heavy fuel oil power project in Kandal province’s Lvea Em district, which was planned to begin operations in the first part of June, will not be able to move forward as planned. ...
Chhut Bunthoeun
https://www.khmertimeskh.com/50726931/kandals-400mw-heavy-fuel-power-plant-to-resume-construction-next-month/
KrisEnergy secures $87 million loan facility for Phase 1 of Apsara oil fields in Cambodia
KrisEnergy (Apsara) Company Ltd, the concession holder for Cambodia’s Block 1 offshore oil field has secured a credit facility agreement of $87 million. ...
Khmer Times Staff
https://www.khmertimeskh.com/50719285/krisenergy-secures-87-million-loan-facility-for-phase-1-of-apsara-oil-fields-in-cambodia/