Think Tank Says Cambodia Isn’t Managing Its Resources

16 May 2013
The Cambodia Daily
Economy and commerce / Energy / Extractive Industries / Extractive industries policy and administration / Generation and distribution facilities / Industrial mining / Mining / Non-renewable energy production / Off-shore oil and gas exploration and extraction / Oil and gas resources / Social development
2013 Resource Governance Index / Cambodians for Revenue Resource Transparency / Chevron Corp / Corruption / exploration blocks / exploration licenses / extraction licences / extractive industries / Gulf of Thailand / Hydrocarbons / mining / mining exploration licenses / mining extraction licences / mining licences / New York / oil / oil extraction / oil revenue / Revenue Watch / Revenue Watch Institute / Revenue Watch Institute 2013 Resource Governance Index / transparency

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 the first time. It looked at 58 countries, assessing governments’ reporting practices, control of corruption and rule of law in the oil, gas and mineral sectors. … “While Cambodia received a fairly high score for its institutional and legal settings, the nation’s very low scores in its reporting practices and enabling environment accounted for its low ranking in resource governance,” a statement from Cambodians for Revenue Resource Transparency, a local Partner of Revenue Watch says. …

http://www.cambodiadaily.com/business/think-tank-says-cambodia-isnt-managing-its-resources-24530/