​Oil eyes on reserves | Phnom Penh Post

Oil eyes on reserves

Business

Publication date
23 February 2007 | 07:00 ICT

Reporter : Post Staff

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Cambodia's oil reserves are attracting companies from Japan, South Korea, China,

Malaysia, Singapore, Kuwait, Australia and France. Government officials are reporting

an increase in applications from oil companies to tap the country's energy reserves,

which international research suggests could contain up to two billion barrels (320

billion liters) of oil and 280 billion cubic meters of gas. Cambodia could earn up

to $6 billion a year over the next two decades from these reserves. The country's

gross domestic product is now $5 billion a year.

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