Cambodia eyes domestic oil production, refinery for energy security: official
Cambodia is working on three fronts to improve its energy security and supply, including the development of its first oil-producing asset, looking for ways to resolve a disagreement over disputed territory in the Gulf of Thailand, and studying the economic viability of building its own refinery… Cambodia’s GDP in 2011 was just under $13 billion, according to the World Bank, and that is expected to grow five-fold by 2030, Khavan said. In recent years, the growth trend has meant annual oil product demand growth of about 10%, with all of the country’s needs being met through imports from Singapore, Thailand and Vietnam. The most imminent development that will start to address the issue of energy supply will be kicking off work on Block A in the Gulf of Thailand, an oil exploration block operated by Chevron (30%), with partners Mitsui (30%), KrisEnergy (25%) and GS Caltex (15%)…
http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/7105582
