Oil and gas

Cambodia’s imports of diesel fuel and petroleum oil declined by 7.6 percent in 2023, according to a report from the General Department of Customs and Excise on Sunday. ...

Canada-owned EnerCam Exploration Ltd, through its subsidiary Angkor Resources Corp, has completed a community assessment mission on Block VIII, a 7.3sq km oil and gas license, with a focus on environmental, social, and governance (ESG) principles and corporate social responsibility (CSR). ...

Retail petrol prices have experienced a slight decrease after reaching their highest levels in a year, with regular gasoline now at 4,550 riel per litre, down from 4,750 riel in the previous 10 days. Diesel prices remain unchanged at 4,850 riel per litre. ...

Cambodia’s imports of oil and gas products totaled $2.28 billion during the January-August period this year, down 9.5 percent from last year, according to a report from the General Department of Customs and Excise on Monday. ...

Public-listed Thai conglomerate PTT Oil and Retail (OR) will be investing $100 million to develop an oil depot for aviation refuelling at Techo International Airport (TIA), Phnom Penh’s new airport, where first phase operation is scheduled in mid 2024. ...

Cambodia’s imports of oil, gas and coal rose by 7.8 percent in the first quarter of 2023, said a report from the General Department of Customs and Excise on Monday. ...

Cambodia and Kuwait have reiterated their commitments to further enhance bilateral relation and cooperation in areas of trade, economy and oil/gas exploration. ...

Discussions of a joint development area (JDA) for oil and gas exploration in the overlapping claims between Cambodia and Thailand in the Gulf of Thailand have reached the level of the Cabinet, a Government House source said. ...

Cambodia have imported oil and gas products worth $3.38 billion in the first 11 months of 2022, up almost 58 percent over the same period last year, a report from the General Department of Customs and Excise said 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 ...

Thailand is scheduled to hold talks with Cambodia over a 26,000 sq kilometers overlapping claims area (OCA) estimated to hold up to 500 million barrels of oil and gas deposits under the sea floor. ...

Cambodia has reached an agreement to receive 300,000 barrels of crude oil that was stolen by a tanker following a payment dispute with Singaporean energy​ KrisEnergy, a senior government official said on Tuesday. ...

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.   ...

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 ...

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. ...

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 ...

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. ...

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. ...

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 ...

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. ...

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.​ ...

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. ...

KrisEnergy (Apsara) Company Ltd, the concession holder for Cambodia’s Block 1 offshore oil field has secured a credit facility agreement of $87 million. ...