News

Cambodia Hopes to Benefit from Joint Oil Project

Cambodia will receive most of the income derived from a joint project to exploit promising offshore oil reserves, official sources have confirmed here. Ek Tha, spokesman for the Cabinet Office said that in negotiations with Chevron, the government proposed reaping 70 to 80 percent of the ...

http://www.plenglish.com/index.php?option=com_content&task=view&id=576551&Itemid=1

Cambodia eyes domestic oil production, refinery for energy security: official

Cambodia is working on three fronts to improve its energy security and supply, including the development of its first oil-producing asset, looking for ways to resolve a disagreement over disputed territory in the Gulf of Thailand, and studying the economic viability of building its own ...

http://www.platts.com/RSSFeedDetailedNews/RSSFeed/Oil/7105582

Tougher disclosure rules for resources giants

US-listed corporations in Cambodia, including Chevron, Total, CNOOC and ConocoPhillips, that are engaged in extractive industries are now required to comply with additional transparency rules. The US Securities and Exchange Commission (SEC) implemented new regulations last week, two years after the legislation was initially passed by Congress. Cambodian monitors ...

http://www.phnompenhpost.com/index.php/2012082858310/Business/tougher-disclosure-rules-for-resources-giants.html

Chevron aims for 2016

Oil production in Cambodia may not begin until 2016, or at least three years after the originally appointed date, Chevron officials reportedly said at a Ministry of Environment meeting on Friday. Government officials yesterday confirmed the feasibility of the time frame. If Chevron Overseas Petroleum Cambodia gained ...

http://www.phnompenhpost.com/index.php/2012070257137/Business/chevron-aims-2016.html

Government eyes fuel taxes

The government plans to review fuel import taxes in the wake of soaring prices at the pump over the past few weeks, an official said yesterday. Cheam Yeap, Cambodian People’s Party lawmaker and chairman of the finance and banking commission, said the government will look into ...

http://www.phnompenhpost.com/index.php/2012041055530/National-news/government-eyes-fuel-taxes.html

Officials mum on proposed oil refinery

Officials were mum yesterday about the proposed construction of an oil refinery by a Chinese firm in Preah Sihanouk and Kampot provinces, and provincial authorities said the company had not yet been granted any land for the proposed project. Ter Chimnarith, deputy director of Kampot province’s ...

Report Says Reforms Were Hard to Drill Home at Petrol Authority

The Cambodian National Petroleum Authority restricted vital information and failed to cooperate with consultants working for the Asian Development Bank who were deployed to the authority between 2007 and 2010 as part of a $1 million project to strengthen governance at the body, a new ...

Chinese Company Voices Interest in Cambodian Oil

Hong Kong-listed China Oilfield Services Ltd, an offshore services provider for the oil and gas sectors, is looking to start operations in Cambodia, according to an earnings report released by the company last week. “For the overseas market, apart from expanding and strengthening the overseas ...

Thaksin oil deal interrupted

A Cambodian and Thai dispute over oil nearly reached a resolution when then prime minister of Thailand Thaksin Shinawatra was ousted was revealed in diplomatic cables released by Wikileaks. The cable details a meeting between the US-ASEAN Business council in Phnom Penh on May 15, ...

http://www.phnompenhpost.com/index.php/2011071350344/National-news/thaksin-oil-deal-interrupted.html

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