Energy
Oil-claims talks 'highly likely'
Thailand is reportedly preparing to re-enter negotiations with Cambodia on the Overlapping Claims Area after officials from the two countries talked this week at the ASEAN Energy Business Forum in Brunei. Thai Energy Minister Pichai Naripthaphan said yesterday that he met informally with Ministry of Industry ...
http://www.phnompenhpost.com/index.php/2011092351817/Business/oil-claims-talks-highly-likely.html
Payout for swept-away workers
The company constructing a dam in Koh Kong province, where seven workers were swept away in floodwaters earlier this month, has paid US$1,000 to the families of each of the men for funeral expenses, but is denying responsibility for the incident, an official said yesterday. Sok ...
PM talks gas and oil with Thai assembly head
Prime Minister Hun Sen held talks with President of the Thai National Assembly Somsak Kiatsuranot in the capital yesterday, paving the way for the extraction of contested oil and gas reserves in the Gulf of Thailand Yesterday’s talks between Hun Sen and Somsak focused on restoring ...
Families file complaint over missing dam workers
Three families have lodged complaints against China National Heavy Machinery Co after a storm at the company’s hydropower dam project in Koh Kong province on September 10 swept away a group of workers, leaving two dead and five missing, rights group Adhoc said yesterday. Neang Boratino, ...
Villagers plan to walk to capital
Tractors carried members of 50 families from Lor Peang village in Kampong Chhnang province’s Kampong Tralach district to the provincial courthouse early yesterday morning, where their hopes faded as they waited for court officials to accept their latest complaint against a company they accuse of ...
Eight workers lost in deluge at dam site
Eight workers at the Stung Tatay hydro project, in Koh Kong province, are presumed dead after being swept away by floodwaters on Sunday. Seven of the men drowned while trying to rescue a colleague who had fainted after floodwaters swept over a bridge, stranding him at ...
Chinese company given license to go for gold in Kratie
The government has given a Chinese mining company the right to extract gold from 28 square km of land in Kratie province’s Sambor district, a provincial official said yesterday. On July 5, the Ministry of Industry, Mines and Energy granted Hing Yuan Hanng Yeak Co Ltd ...
Xayaburi dam may cause earthquakes: Vietnamese report
The Xayaburi dam project in Northern Laos might increase the probability of earthquakes in a region already prone to seismic activity, according to a recently translated report from Vietnam. The 1260-megawatt project sits about 100 kilometres south of the Lai Chau-Dien fault line. Construction activity on the ...
Bio-fuelled power plant to go online
A rice-husk powered power plant will officially open in Kampong Speu at the end of the year, set to provide electricity to the district’s rice millers, according to officials from operator Golden Rice Cambodia. The US$2 million generator is set to supply power to all of ...
Yingluck adds fuel to gas talks
Deputy Prime Minister and head of the Cambodian National Petroleum Association Sok An has called for the resumption of talks with Thailand over the disputed overlapping claims area in the Gulf of Thailand, believed to be rich in oil and natural-gas reserves. The oil industry had ...
Laos aims to build Mekong dam this year, testing neighbours
Laos wants to start construction this year on the $3.8 billion (Bt115 billion) Thai-financed Xayaburi hydropower plant on the Mekong River after changing the design of the dam to placate neighbouring countries opposed to the project. Laos completed a review of the dam recently to ease ...
Time right for talks on sea boundary
In 2009, the Democrat-led government and the People’s Alliance for Democracy accused ousted former prime minister Thaksin Shinawatra of holding secret talks with Cambodia about exploiting oil and gas reserves in the Gulf of Thailand. The government threatened to revoke a memorandum of understanding on overlapping ...
http://www.bangkokpost.com/news/local/255142/time-right-for-talks-on-sea-boundary
Thailand’s Former Official Denies Secret Oil Talks
Thailand’s former Deputy Prime Minister Suthep Thaugsuban has denied Cambodia’s recent claim that he initiated secret bilateral talks over coveted oil reserves in disputed Gulf of Thailand waters, Thai news service MCOT reported Saturday. In a statement last week, the Cambodian National Petroleum Authority said ...
US firms eye new markets in the Kingdom
VISA, Mastercard, Dell and Cisco Systems have been added to a growing list of US companies looking to enter the Cambodian market, according to Frances Zwenig, counsellor of the US-ASEAN Business Council. The financial services and information technology companies joined GE, Chevron, Johnson & Johnson ...
Cambodia, Thailand Will Likely Resume Talks on Offshore Oil and Gas
Cambodia’s and Thailand’s governments will likely resume negotiations on offshore drilling for oil and gas which will bring mutual benefits of the area of overlapping maritime claims after Cambodia gave the green light for issues before the visit of new Thai foreign minister Surapong Tovichakchaikul ...
Report Says Reforms Were Hard to Drill Home at Petrol Authority
The Cambodian National Petroleum Authority restricted vital information and failed to cooperate with consultants working for the Asian Development Bank who were deployed to the authority between 2007 and 2010 as part of a $1 million project to strengthen governance at the body, a new ...
Digging deep outside the law
Weak enforcement of mining laws excludes local communities from the decision-making process and smudges the revenue transparency, said George Boden, a campaigner at watchdog group Global Witness. Weak enforcement of mining laws excludes local communities from the decision-making process and smudges the revenue transparency, said ...
http://www.phnompenhpost.com/index.php/2011090251412/Business/digging-deep-outside-the-law.html
Suthep Denies Secret Talks With P. Penh Negotiations Stalled Over Marine Oil, Gas
Democrat MP for Surat Thani Suthep Thaugsuban denies he held secret talks with Cambodian officials about oil and gas interests in the overlapping marine area during the tenure of the Democrat-led government. Mr Suthep, a former deputy prime minister, conceded yesterday he met Cambodian Deputy Prime ...
http://www.bangkokpost.com/news/local/254429/suthep-denies-secret-talks-with-p-penh
Court Extends Fee-Payment Deadline n K Chhnang Land Dispute
Kompong Chhnang Provincial Court has extended a deadline for 52 villagers embroiled in a long-standing land dispute with a development company owned by the wife of Minister of Industry, Mines and Energy Suy Sem to pay court fees, a court official and rights workers said ...
Oil dispute flares up
Secret meetings between high-ranking Thai and Cambodian officials to solve the demarcation of disputed offshore petroleum resources took place during the administration of Thai Prime Minister Abhisit Vejjajiva, the Cambodian National Petroleum Authority revealed yesterday. In a statement some commentators described as “coordinated attack” by ...
http://www.phnompenhpost.com/index.php/2011083151353/Business/oil-dispute-flares-up.html
Cambodia Welcomes Thai Talks Over Waters
Cambodia’s petroleum authority yesterday announced that it would like to renew discussion with Thailand in order to find a solution over disputed waters in the Gulf of Thailand widely believed to hold large quantities of oil and gas. Negotiations over how to split revenue from ...
Chinese Company Voices Interest in Cambodian Oil
Hong Kong-listed China Oilfield Services Ltd, an offshore services provider for the oil and gas sectors, is looking to start operations in Cambodia, according to an earnings report released by the company last week. “For the overseas market, apart from expanding and strengthening the overseas ...
Talks Urged for Disputed Oil Zone
Energy planners are pushing the revival of talks with Cambodia on the oil-rich overlapping claims area (OCA) between the two countries to ensure energy security. They also urge all parties not to turn it into a political issue so that the talks stand a chance ...
http://www.bangkokpost.com/business/economics/253345/talks-urged-for-disputed-oil-zone
Deals With China Inked
Cambodia agreed to acquire Chinese-made Z-9 helicopters for US$195 million in one of 26 memorandums of understanding agreed by the two countries on Saturday. Cooperation was pledged in sectors such as energy, mining, agriculture and road construction, as well as defense spending and aid. The ...
http://www.phnompenhpost.com/index.php/2011082251177/Business/deals-with-china-inked.html