Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom drops in oil investment survey

Kingdom drops in oil investment survey

Kingdom drops in oil investment survey

Cambodia ranks among one of the world’s least attractive destinations for oil and gas investment due to concerns over disputed land claims, cost of regulatory compliance and trade barriers, according to a global petroleum report released by Canada’s Fraser Institute.

Cambodia’s score fell by 10 points this year to rank 90 out of 97 jurisdictions included in the survey.

“Cambodia has been plagued by ambiguous fiscal terms and the government of Cambodia took steps to make the terms more demanding – effectively dispelling further sector investment,” the report said.

Currently, Singapore’s Kris-Energy is the only company investing in the Kingdom’s oil and gas sector and plans to pump oil from offshore Block A by 2020.

MOST VIEWED

  • Ethnic group ‘disappointed’ to be denied French visas to attend court

    Eleven people at the centre of a case involving seven indigenous Bunong villages in Mondulkiri province pursuing legal action in France have expressed disappointment after the French embassy in Phnom Penh denied their visa applications to attend court. A press release said the 11 included a

  • EBA withdrawal provides ‘opportunity for growth’

    Economic analyst Khoun Bunny said on Tuesday that the loss of the EU’s preferential Everything But Arms (EBA) agreement could be a golden opportunity for Cambodia to show it deserved to be ranked sixth on the list of the world’s fastest-growing economies. Government

  • Malaysia MP accused of ‘influencing law’

    Malaysian Member of Parliament (MP) Larry Sng arrived in Siem Reap early on Wednesday, in what was slammed by one NGO as efforts by Kuala Lumpur to “influence Cambodian law”. The Malaysian Embassy in Phnom Penh requested on January 30 “cooperation from the Ministry of Foreign

  • Ministries begin measures to offset EU’s EBA decision

    In the wake of the EU’s controversial announcement this week that it has begun the withdrawal process for Cambodia’s Everything But Arms (EBA) preferential agreement, government ministries and political analysts continued to share their reactions and economic mitigation plans in preparation for the