Cambodia asks for help in oil and gas industry

24 April 2014
The Cambodia Daily
Economy and commerce / Energy / Energy policy and administration / Extractive Industries / Extractive industries policy and administration / Foreign investors / Generation and distribution facilities / Government / International relations / Investment / Ministries and other national bodies / Ministry of Commerce / Non-renewable energy production / Off-shore oil and gas exploration and extraction / Oil and gas resources / On-shore oil and gas exploration and extraction / Trade / Trade policy and regulation
Azerbaijan / Chevron Corp / Hun Sen / Ministry of Commerce / State Oil Company of Azerbaijan Republic / Sun Chanthol / U.S. Energy Information Administration

Cambodia has invited resource-rich Azerbaijan to help develop Cambodia’s prospective oil and gas industry, Commerce Minister Sun Chanthol announced during a high-level visit to the Caucasian country on Tuesday, according to Azerbaijani media reports. … Mr. Chanthol laid out a goal to achieve an overall trade turnover between the two countries worth $100 million by the end of 2015, which would be a marked increase from where it currently stands. “I feel awkward to say that in 2012, exports from Cambodia to Azerbaijan made only $0.5 million and imports $7.7 million, while in 2013 our export to Azerbaijan was actually equal to zero and import reduced to $3.2 million,” Mr. Chanthol said, according to a report from the Azerbaijan Business Center. The Cambodia delegation, led by Prime Minister Hun Sen and including senior members of government and leaders in business, traveled on to Belarus on Wednesday. …

 Simon Henderson
http://www.cambodiadaily.com/business/cambodia-asks-for-help-in-oil-and-gas-industry-57237/