Kingdom set for multi-million dollar oil payday in Oct
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 ...
Local fuel prices fall 10% amid global downticks
International fuel rates have started to fall back as India and Iran look to step up Russian crude imports, in a downward trend likely to be fuelled by cooperation between the trio of countries on reducing the pressure of the oil price crisis, economists have ...
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. ...
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 ...
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. ...
Oil refinery project on hold again
Construction of Cambodia’s first oil refinery oil plant has once again been put on hold, this time because of finance issues. The project, which sits on a site spanning the borders of Kampot and Preah Sihanouk province, is a joint venture between local investment firm, ...