Logo of Phnom Penh Post newspaper Phnom Penh Post - Hun Sen meets with Japanese oil firms

Hun Sen meets with Japanese oil firms

Hun Sen meets with Japanese oil firms

PRIME Minister Hun Sen met representatives of two Japanese oil companies at his Takhmao home Tuesday morning to discuss oil exploration rights in the Gulf of Cambodia, an official said.

A spokesman for Hun Sen, Eang Sophalleth, said the companies were Tokyo-listed Marubeni Corp and state-owned Impex Corp.

The companies had already submitted applications to the National Cambodian Petroleum Authority (NCPA), Marubeni Executive Officer Teruo Asada, who led the delegation, told the prime minister, according to Eang Sophalleth.

Eang Sophalleth said Hun Sen welcomed the approach. "The stance of the Cambodian government is to make applications to seek oil in Cambodia as transparent as possible through open bidding and to maximise the benefit to Cambodian people," Hun Sen reportedly told Asada.
NCPA Director General Te Duong Dara refused to comment as he "did not attend the meeting".

Marubeni Corp's energy division has oil and gas interests in the United States, the North Sea, Qatar, Equatorial Guinea and the Gulf of Mexico.
Impex Corp, which is 29 percent owned by the Japanese government, is Japan's largest oil exploration company.

Hun Sen last month said that French oil giant Total had been granted exploration rights in an area in the Gulf of Thailand at the centre of an ownership dispute between Bangkok and Phnom Penh.

However, the agreement is now reportedly under a cloud amid rumours the government is reconsidering its terms.

MOST VIEWED

  • Government hits back at threats to pull EBA, suspend UN seat

    The spokesman for the ruling Cambodian People’s Party (CPP) has said the government is in no way concerned after the European Parliament gave it three months to reverse what it called the “systematic repression of the political opposition”. Ignoring the ultimatum could mean facing

  • Chinese influx pushing locals, Westerners out of Preah Sihanouk

    Some within the Kingdom’s tourism industry have speculated that the recent influx of Chinese visitors may hinder domestic tourism as the price of accommodations in the coastal city of Sihanoukville continues to rise. Preah Sihanouk province, which has become a hotbed for Chinese investment

  • Sar Kheng: Sokha requested security

    Interior Minister Sar Kheng on Sunday revealed the story behind the transfer of former opposition party leader Kem Sokha from Trapaing Phlong prison in Tbong Khmum province to his house in the capital. Speaking at the ruling Cambodian People’s Party (CPP) headquarters in Prey

  • ‘Dire consequences’ from sanctions, warns AmCham

    American businesspeople in Cambodia have warned that any sanction against the Kingdom would have “dire consequences” that could push Cambodia even further into the arms of China. In a letter to US senators and representatives dated Monday, the American Chamber of Commerce Cambodia (AmCham) said