Prime Minister Hun Sen has told foreign countries not to be concerned about
Cambodia's expected oil and gas revenues, claiming the Kingdom would not fall
victim to the "oil curse." According to local media, Hun Sen said in an address
to the Ministry of Public Works and Transportation that the oil revenues would
be used "properly" to expand rural roads into national roads across the country.
The government has refused to give exact figures about the oil reserves but a
United Nations Development Program study said the revenues, which are expected
to flow in 2009-2010, could provide over three times the development assistance
Cambodia received in 2005. The so-called "oil curse" implies that developing
countries rich in petrodollars fail to benefit because of corruption and
mismanagement.
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