News

Cambodia's oil import down by 2 pct in 5 months

Cambodia imported 727,500 tons of petroleum in the first five months of the year, a 2 percent drop from 744,700 tons a year earlier, the figures of the Ministry of Commerce showed Saturday. A liter of premium gasoline goes for 1.38 U.S. dollars in Phnom ...

http://www.asean-china-center.org/english/2013-07/22/c_132563149.htm

Japanese oil study ‘Positive’

The hunt for oil around northwestern Cambodia has unearthed “positive” results for Japan Oil, Gas and Metals National Corporation (JOGMEC), which intends to continue exploring the area in a project that could last at least six more years, a government spokesman said. JOGMEC’s survey on the ...

http://www.phnompenhpost.com/2013060566067/Business/japanese-oil-study-positive.html

ADB Says Hydropower Growth Won’t Match Need for Oil, Coal

Cambodia’s reliance on imported fossil fuels to meet its energy needs is set to increase in the coming years, despite the raft of hydropower projects planned by the government, according to new data from the Asian Development Bank (ADB). Using baseline figures from the Institute ...

http://www.cambodiadaily.com/news/adb-says-hydropower-growth-wont-match-need-for-oil-coal-28794/

Cambodia, Vietnam Trade Rises

Two-way trade between Vietnam and Cambodia in the first four months of the year reached nearly US$1.3 billion, a 10 per cent rise over the same period last year. According to the Vietnam Trade Office in Cambodia, Vietnam’s exports to Cambodia fetched over $1 billion while ...

The Cambodia Herald Staff
http://www.thecambodiaherald.com/cambodia/detail/1?page=13&token=YzA1YWUwMDU3OTh

Government Goes to China in Search of New Loans

Prime Minister Hun Sen will travel to China on Saturday to meet with the rising superpower’s new leadership, in a trip the government expects to yield nearly $2 billion in loans and aid. Most significantly, the Government is hoping to secure Chinese funding for a 1.67 ...

http://www.cambodiadaily.com/news/government-goes-to-china-in-search-of-loans-17314/

Cambodian NGO: PTT entry would benefit consumers

A Cambodian NGO believes that investment by Thailand’s PTT oil conglomerate in petroleum projects in the region would promote competition and benefit consumers. Thailand’s largest petroleum firm said lastThursday it is currently studying options for petrochemical and oil refinery projects in three Asean countries — Cambodia, ...

http://www.bangkokpost.com/business/news/323691/cambodia-ptt-entry-would-benefit-consumers

Cambodia: Mineral, Metal and Fuel Resources

Cambodia, with a total population of 14,952,665 as of July 2010, is located in Southeastern Asia, bordering the Gulf of Thailand, between Thailand, Vietnam, and Laos. The country mostly has a tropical climate and covers a total area of 181,035 km2 Cambodia’s key natural resources include ...

http://www.azomining.com/Article.aspx?ArticleID=216

Cambodia spends $1.22 b to buy oil in 9 months

Cambodia spent $1.22 billion to purchase petroleum from foreign suppliers in the first nine months of this year, a 18 percent rise compared with $1.03 billion it spent during the same period last year, a Commerce Ministry’s report showed Monday. ...

http://www.globaltimes.cn/content/742405.shtml

Workshop Calls for Revenue Transparency in Oil, Gas Sector

The government and private companies are being encouraged to adopt a voluntary initiative in order to make revenues generated by the extractives sector more transparent. The workshop on the Best Practice of Governance in Extractive Industries and Revenue Management, which was held in Phnom Penh on Friday by ...

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