Cambodia’s Crude Oil Imports Fall 12 pct in Q-1

Cambodia imported 412,190 tons of Crude Oil in Q-1 of Y 2013, a 12% fall compared with the 471,000 tons it imported at the same period last year, the Commerce ministry’s report showed Saturday. During the January-March period this year, the country spent US$ 397-M to buy its Crude Oil down 15% from US$469-M at the same period last year, it said. … On 8 April, during the official visit of Cambodian Prime Minister Hun Sen to China, Hun Sen and Chinese Premier Li Keqiang witnessed a signing on a Memorandum of Understanding MOU on a 5-M tons Crude Oil refinery project among China Development Bank HK:1062, China Export and Credit Insurance Corporation, China Perfect Machinery Industry Corporation and Cambodian Petrochemical Company. …

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