Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Thailand urged to talk after oil strike

Thailand urged to talk after oil strike

Asenior Cambodian government official has called for

urgent talks with Thailand to settle the issue of the two country's maritime

boundaries following the discovery of local offshore oil.

"As the Kingdom

of Cambodia we are preparing all the documents to discuss overlapping areas - we

want to move as soon as possible.

We are getting technical advice from

various sources," Under-Secretary of State for Industry, Mines and Energy Nhep

Bunchin said.

The Japanese consortium Campex struck oil in Block Three

with their test well Apsara 1, about 155 km southwest of Sihanoukville in the

Gulf of Thailand.

Bunchin said news of the preliminary find had sparked a

rush of proposals from oil explorers "now watching Cambodia like a

eagle."

Both countries now had "overlapping claims" to the prospective

lease areas, he added.

Bunchin hoped oil production could get under way

by the year 2000 or even earlier and said a priority for the government would be

to build a new oil refinery in Sihanoukville.

Two or three companies have

been short listed to build a small-capacity refinery of 10,000 barrels per day

for an estimated cost of $200 million. Malaysia's Petronas company and the

Petroleum Authority of Thailand were good examples for Cambodia to study, he

said.

Oil industry analysts have however questioned the economic wisdom

of Cambodia building its own refinery, when the region already has an over

capacity of such facilities.- Reuters

0

Comments

Please, login or register to post a comment

Latest Video

Bodies of Cambodian peacekeepers returned to Kingdom

The bodies of four Cambodian peacekeepers killed by a Christian militia in Central African Republic were repatriated to the Kingdom and honoured in an airport ceremony on May 21.

Phnom Penh eats: Ptas Nak Battambang

As the name suggests, Ptsa Nak Battambang – which in English means Battambang's house – is the right place for those who want to try some of the province's typical dishes in Phnom Penh.

Opposition leader Kem Sokha greets supporters during a CNRP campaign rally yesterday in Prey Veng province. FACEBOOK

A new section of road will be built on Phnom Penh’s Koh Dach if the Cambodian People’s Party wins the island commune at Sunday’s elections, an offi

Political analyst Kim Sok who is seen being escorted into a police van after his bail was denied in March at the Appeals Court in Phnom Penh, announced that he will go on hunger strike in Prey Say prison from today until the June 4 commune elections.

Imprisoned political analyst and social commentator