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Logo of Phnom Penh Post newspaper Phnom Penh Post - Oil deal inked

Oil deal inked

Othsman Hassan signed an exclusive deal on April 19 with the Petroleum Authority

of Thailand to import and distribute oil, natural gas and petroleum. "This deal

will help improve relations between Thai and Cambodian businesses," Hassan said.

The CPP legislator added that his company, Camoil Company Limited, would supply both

wholesale and retail outlets. Sister company Camgas Limited would invest $1 million

in gas storage, while Camoil would spend "at least" $2 million to store

oil. Hassan said he was awaiting government approval to import fuel overland.

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