Cambodia Wants Sinopec to Build Oil Refinery by 2018

15 October 2013
Oil and Gas Eurasia
Economy and commerce / Energy / Energy policy and administration / Extractive Industries / Extractive industries policy and administration / Generation and distribution facilities / Government / International relations / Non-renewable energy production / Oil and gas resources / Oil refineries / Phnom Penh
Cai Xiyou / Cambodian National Petroleum Authority / Cambodian Petrochemical Co Ltd / China Petroleum & Chemical Corporation / Hun Sen / Sinopec Corp / Sok An

Cambodian Prime Minister Hun Sen on Monday urged China Petroleum & Chemical Corporation, or Sinopec Corp, the Asia’s largest oil refining and petrochemical enterprise, to expedite its process to build an oil refinery in Cambodia by 2018, Xinhua reported on October 15, citing a spokesman. The premier made the suggestion during a meeting with Cai Xiyou, senior vice president of Sinopec Corp, at the Peace Palace in Phnom Penh. In April, a Cambodian Petrochemical Company and several Chinese firms signed a Memorandum of Understanding to jointly build a 5- million-ton oil refinery in Cambodia with the investment amount of $1.67 billion. … The oil refinery project will be built on the 80-hectare area within the boundary of Preah Sihanouk province and Kampot province, according to the master plan. …

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