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Logo of Phnom Penh Post newspaper Phnom Penh Post - Oil eyes on reserves

Oil eyes on reserves

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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