News

Talks on disputed oil fields to resume

Negotiations on oil and gas development over the long-contested Overlapping Claims Area (OCA) in the Gulf of Thailand between Cambodia and Thailand will be resumed shortly after the viral pandemic ends, according to a Ministry of Mine and Energy’s official. ...

Sorn Sarath
https://www.khmertimeskh.com/50723381/talks-on-disputed-oil-fields-to-resume/

Gov’t forms OCA committee

Thailand and Cambodia are edging closer to rekindling negotiations over the long-contested, and presumably lucrative, Overlapping Claims Area (OCA) in the Gulf of Thailand. State-owned media, Agence Kampuchea Presse (AKP), yesterday reported that the Cambodian government had established a committee charged with negotiating the development of ...

Eddie Morton
http://phnompenhpost.com/business/gov%E2%80%99t-forms-oca-committee

Imports of petroleum on the rise last quarter

Cambodia’s petrol bill topped $440 million at the end of the first quarter, up 11 per cent from $397 million during the same period last year, according to data from the Ministry of Commerce. The data show Cambodia imported a total of 453,000 tonnes of petroleum ...

May Kunmakara
http://www.phnompenhpost.com/business/imports-petroleum-rise-last-quarter

Lack of funds delays railway

The China Railway Group’s planned $7.5 billion Cambodian north-south railway line has been delayed due to funding shortages, according to the company’s top official. Originally slated to begin construction last year, China Railway’s chairman, Li Changjin, told the South China Morning Post that work on the 400-kilometre railway ...

Daniel de Carteret
http://www.phnompenhpost.com/business/lack-funds-delays-railway

Koh Russey, a jewel by the sea

After its November launch in Hong Kong, Alila Villas Koh Russey will break ground late next month, initiating the construction of a world-class luxury resort. Alila Villas occupies 25 hectares on Koh Russey, an island in the Koh Rong archipelago in the Gulf of Thailand, with ...

Post Staff
http://www.phnompenhpost.com/real-estate/koh-russey-jewel-sea

No oil for up to five years: Cambodian government

It will be years before oil starts to be produced by energy giant Chevron’s offshore site in the Gulf of Thailand, a senior Cambodian official said yesterday. Meng Saktheara, secretary of state at the Ministry of Mines and Energy, said that negotiations over taxation have continued ...

Daniel de Carteret
http://www.phnompenhpost.com/business/no-oil-five-years-cambodian-government

Construction on submarine cable yet to begin

Web surfers and social-media addicts will have to hold out longer in the wait for Cambodia to boost its internet speeds, as construction on the Kingdom’s first submarine internet cable is behind schedule. Paul Blanche-Horgan, CEO of Ezecom, Cambodia’s largest internet provider, confirmed yesterday that the ...

Eddie Morton
http://www.phnompenhpost.com/business/construction-submarine-cable-yet-begin

Oil and gas giant Chevron rotates local personnel

After two and a half years, Chevron’s Cambodia country manager, Steve Glick, will move on from his position in what the oil and gas giant called a routine rotation, according to a statement released yesterday. Glick, who came to the job in 2011, will be “taking ...

Daniel de Carteret and May Kunmakara
http://www.phnompenhpost.com/business/oil-and-gas-giant-chevron-rotates-local-personnel

Climate report paints dismal picture for region

As much of the country grapples with crippling floods, a comprehensive report on global climate change released yesterday predicts the situation could be poised to get even worse. According to the report by the Intergovernmental Panel on Climate Change, as the planet grows warmer, cyclones making ...

Stuart White
http://www.phnompenhpost.com/national/climate-report-paints-dismal-picture-region

Sihanoukville to be the site of first marina

Russian sailor Andrey Mantula plans to build what he is calling Cambodia’s first marina off the beaches of Preah Sihanouk province. Mantula, who has lived in Cambodia for one year, is heading up the project. He expects construction to start on October 1 of this year. ...

http://www.phnompenhpost.com/2013070366628/Business/sihanoukville-to-be-the-site-of-first-marina.html

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