News

Singapore-based firm KrisEnergy, which operates Cambodia’s offshore Block A, is now reviewing bids submitted by contractors for integrated drilling services and a facilities platform. They were submitted during the second quarter. ...

Singapore-based oil and gas company KrisEnergy is scheduled to sign an agreement with the Cambodian government next Wednesday for the extraction of petroleum from Block A to develop the Aspara oil field. ...

The government and KrisEnergy, a Singapore-listed oil and gas firm, are set to sign a petroleum agreement this month to pave the way for the company to start the groundwork for the extraction of oil from Bloc A, which is expected to start in 2019, ...

Cambodia imported 727,500 tons of petroleum in the first five months of the year, a 2 percent drop from 744,700 tons a year earlier, the figures of the Ministry of Commerce showed Saturday. A liter of premium gasoline goes for 1.38 U.S. dollars in Phnom ...

Cambodia’s trade with foreign countries amounted to 6.25 billion U.S. dollars in value in the first five months of this year, up 20 percent from the same period last year, according to statistics from the Commerce Ministry on Wednesday. During the January-May period this year, the ...

The Sihanoukville Autonomous Port, the kingdom’s largest shipping facility, has seen a 14 percent increase in cargo shipment in the first five months of this year thanks to growing business activities, a port senior official said Wednesday. During January-May period this year, the state-owned port had ...

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 ...

Cambodia’s trade volume with foreign countries had reached 5.12 billion U.S. dollars in the first four months of this year, a 25 percent rise compared with 4.1 billion U.S. dollars over the same period last year, according to a report from the Ministry of Commerce’s ...

Trade between Thailand and Cambodia went off in a wild divergence in the first quarter of this year. Exports from Cambodia rose 19% to US$102 million (2.9 billion baht) year-on-year, while Thailand’s imports recorded a 4% decline to $1 billion, the Phnom Penh Post reported on ...

Cambodia’s total exports to Thailand sharply increased in the first quarter of the year, according to official data from Ministry of Commerce received by the Post last week. Officials said the rise is the result of efforts by both countries to improve trade facilitation and economic ...

The Kingdom imported 412,190 tonnes of petroleum in the first quarter of 2013, compared with 471,000 tonnes in the same period the previous year, a decline of 12 per cent, according to the Ministry of Commerce. A private sector representative said the drop does not mean ...

Cambodia’s import and export trade volume had amounted to US$2.7-B in the 1st 2 months of this year, up 28% compared to the US$2.1-B in the same period last year, the statistics of the Commerce Ministry showed Friday. Main products Cambodia imported are garment and textile ...

Cambodia has seen a remarkable rise in trade volume with its neighboring Vietnam and Thailand in 2012, official statistics showed on Friday. The bilateral trade with Vietnam was worth 3.3 billion U.S. dollars last year, up 18 percent year-on-year, according to a data from the Vietnam ...

Heavily subsidized prices for liquefied petroleum gas (LPG) and natural gas for vehicles (NGV) in Thailand draw dozens of cars daily from Cambodia to refill their tanks in this Thai border town. But complaints that too many Cambodians are getting a free ride, or rather a ...

After closing the last of its 19 petrol stations in Cambodia in April 2010, Petroliam Nasional Bhd (Petronas) is again eyeing the country’s oil and gas (O&G) sector. This will see Chevron and its partners developing the country’s first offshore oil field this year. According to ...

Khmer Resources Investment, which is backed by the Cambodian government, aims to list in Hong Kong within two years, chairman Cao Yunde said. “We intend to leverage the capital market of Hong Kong to finance our growth through a public listing so as to maximise the ...

Bilateral trade volume between Cambodia and Vietnam jumped to 3.3 billion U.S. dollars in 2012, a 18 percent rise from 2.8 billion U.S. dollars in 2011, according to a report provided by the Association of Vietnam Investment in Cambodia on Saturday. The report also said ...

A Cambodian NGO believes that investment by Thailand’s PTT oil conglomerate in petroleum projects in the region would promote competition and benefit consumers. Thailand’s largest petroleum firm said lastThursday it is currently studying options for petrochemical and oil refinery projects in three Asean countries — Cambodia, ...

Cambodia imported approximately 1.2 billion tonnes of petroleum in the first nine months of the year, up 12.51 per cent from the 1.1 billion tonnes in the same period last year, statistics from the Ministry of Commerce showed last week. From January to September, Cambodia bought ...

Cambodia spent $1.22 billion to purchase petroleum from foreign suppliers in the first nine months of this year, a 18 percent rise compared with $1.03 billion it spent during the same period last year, a Commerce Ministry’s report showed Monday. ...

The government and private companies are being encouraged to adopt a voluntary initiative in order to make revenues generated by the extractives sector more transparent. The workshop on the Best Practice of Governance in Extractive Industries and Revenue Management, which was held in Phnom Penh on Friday by ...

Cambodia had spent 1 billion U. S. dollars to buy petroleum from foreign suppliers in the first seven months of this year, up 22 percent from 817 million U.S. dollars at the same period a year ago, a report of the Commerce Ministry showed Saturday. The ...

Despite offering an uplifting outlook for Cambodia’s economy this year, economists at the World Bank said yesterday that it could still succumb to volatile commodities prices, particularly food and gas. Speaking to journalists after the release the bank’s East Asia and Pacific Economic Update for 2012, ...

Gasoline prices in Cambodia hit an all-time high on Friday, stoking fears of limited fuel reserves and increasing production costs at some of the Kingdom’s businesses. Premium gasoline sold for $1.40 per litre last week, surpassing the $1.38-per-litre price during the global economic slump at the ...