Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Chevron tight lipped on alleged tax row

Chevron tight lipped on alleged tax row

The oil giant refused to comment on recent reports its operations have been delayed

OIL giant Chevron released a statement Monday refusing to comment on reports that its operations in the Gulf of Thailand had been delayed.

The Post reported last week that the Cambodian government said in a meeting with International Monetary Fund officials that Chevron's operations were in question, amid local media reports that a taxation dispute had delayed production.

"[Chevron] and its partners have been working hard to find a solution to develop the complex reservoir and we are in the process of evaluating several development options for the Block A resource to overcome this challenge," the Chevron statement said.

The statement did not refer to the alleged tax dispute.

Earlier reports said that Cambodia would begin to produce oil in 2009, but recent statements from the Cambodian government have cast doubt on these predictions.

Cambodia is reported to have hundreds of millions of barrels of light sweet crude off its southern shore, as well as up to two trillion cubic metres of natural gas.

The IMF did not comment on the allegations, but confirmed that the issue of the Block A oil concession had been raised at the November 3 meeting.

The IMF said that it has no position on the issue.

0

Comments

Please, login or register to post a comment

Latest Video

‘Why hold a trial if you’re not going to summon the accused?’

Cambodia National Rescue Party supporters gathered outside the Appeal Court in Phnom Penh early this morning in support of imprisoned party leader Kem Sokha.

Behind the scenes of the princess's ballet

Post Weekend in collaboration with Le Petit Journal - Cambodge got an exclusive look behind the scenes of the Royal Ballet of Cambodia, as they travelled to Hong Kong for their debut in the ci