News
Cambodia has proposed that Russian energy investors tap nation’s oil
Cambodia is turning to Russian investors after Singapore’s KrisEnergy abandoned the only operational offshore oil block in the Kingdom’s waters. ...
Michael Firn
https://www.khmertimeskh.com/50907951/cambodia-has-proposed-that-russian-energy-investors-tap-nations-oil/
Focus shifts to onshore oil and gold mining as offshore exploration stumbles
The Kingdom has a golden future in spite of the crude reality that there may be no more oil extracted from its waters in the near term, according to Prime Minister Hun Sen. ...
Michael Firn
https://www.khmertimeskh.com/50907152/focus-shifts-to-onshore-oil-and-gold-mining-as-offshore-exploration-stumbles/
Japanese oil study ‘Positive’
The hunt for oil around northwestern Cambodia has unearthed “positive” results for Japan Oil, Gas and Metals National Corporation (JOGMEC), which intends to continue exploring the area in a project that could last at least six more years, a government spokesman said. JOGMEC’s survey on the ...
http://www.phnompenhpost.com/2013060566067/Business/japanese-oil-study-positive.html
Think Tank Says Cambodia Isn't Managing Its Resources
With the potential for vast state revenues from oil extraction and mining in coming years, Cambodia is currently failing to manage its nascent extractive industries according to a think tank. New York-based Revenue Watch Institute yesterday launched its 2013 Resource Governance Index, which included Cambodia for ...
http://www.cambodiadaily.com/business/think-tank-says-cambodia-isnt-managing-its-resources-24530/
Government offshore oil block deadline passes
LAST week marked the arrival and passing of 12/12/12, the Cambodian government’s original date for the commencement of oil extraction from the Block A oilfields in the Gulf of Thailand, with no activity on the site. Chevron currently holds a 30 per cent interest in the ...
Cambodia hits oil revenue
Officials yesterday confirmed that the Cambodian government will receive a majority of the revenue share from Chevron’s offshore Block A oil permit area near Sihanoukville in the Gulf of Thailand. The government expects to issue the American oil giant a production permit licence by the ...
http://www.phnompenhpost.com/index.php/2012092858984/Business/cambodia-hits-oil-revenue.html
Government Hopes for Chevron Offshore Oil Deal This Year
The Cambodian government expects U.S. oil major Chevron Corp. CVX +0.77% to begin developing the country’s first offshore oil field early next year, and hopes the nation will become a regional hot spot for oil and gas investment, a government official said Wednesday. Cambodia has vast untapped oil and gas resources ...
http://online.wsj.com/article/SB10000872396390443507204578020023711640726.html
Petroleum imports surge on economic growth
A resurgent economy and efforts to crack down on smuggling have led to a large increase in petroleum imports, according to experts. Cambodia has imported 756,139 tonnes worth US$692 million in the first half of the year, from 440,607 tonnes worth $296 million in the ...