Cambodian oil imports decrease by 2.2 per cent

26 November 2013
The Phnom Penh Post
Economic policy and administration / Economy and commerce / Energy / Government / Hydropower dams / Imports / Industries / Ministry of Commerce / Non-renewable energy production / Oil and gas resources / Renewable energy production / Trade
Bin May Mialia / Cambodian Petrochemical Co Ltd / Kamchay hydropower dam / Kirirom hydropower dam / Meng Saktheara / PTT (Cambodia) / Singapore / Sinomach China Perfect Machinery Industry Corp / Subcommittee on the Industry and Secretariat of the Small and Medium Enterprise / Thailand

Cambodia imported 1.31 billion tonnes of oil in the first 10 months of this year, a 2.2 per cent slide compared to 1.34 billion tonnes in the same period last year, according to data from the Ministry of Commerce.

Industry experts said the drop did not mean local production has slowed down but rather attributed it to the increased use of hydropower from emerging dams in the country.

Bin May Mialia, deputy managing director of PTT (Cambodia), said the firm saw a 10 per cent year-on-year drop of fuel oil imports in the first 10 months of this year. He said the decrease had little to do with local production as the supply of fuel oil to factories is limited, only accounting for around 200 to 300 tonnes per month.

“The drop in fuel oil for factories was because more and more factories are now starting to use … as a power source the electricity that comes from Vietnam and the hydropower dam in Kirirom and Kamchay,” he said. …

 Chan Muy Hong
http://www.phnompenhpost.com/business/cambodian-oil-imports-decrease-22-cent