Logo of Phnom Penh Post newspaper Phnom Penh Post - Oil dispute: CNPA ready to discuss claims area

Oil dispute: CNPA ready to discuss claims area

Oil dispute: CNPA ready to discuss claims area

THE Cambodian National Petroleum Authority is prepared for the possibility of a restart in negotiations on the Overlapping Claims Area in the Gulf of Thailand, according to a statement yesterday.

“CNPA has strengthened our legal team and is prepared and ready to engage in discussion with the Thai side whenever there is agreement between the two governments to do so,” the statement said. The CNPA would act pursuant to instructions from the government of Cambodia, it added.

In 2001, Cambodia and Thailand signed a Memorandum of Understanding laying out joint management of the petroleum resources in the 27,000 square kilometre area in the Gulf of Thailand. However, the agreement was put on hold by the Thais in 2009 following the appointment of ousted Thai prime minister Thaksin Shinawatra as economic adviser of Cambodia.

Experts have said the dispute is closer to being resolved with the election of the Puea Thai government, while petroleum firms say they are ready to explore the region. On Wednesday, Total Exploration and Production Asia-Pacific vice president Yves Le Bais said Total was ready to begin exploration in the area as soon as the two countries resolved the dispute.

MOST VIEWED

  • Kingdom’s domestic milk still cannot compete with imports

    Price competition and a lack of confidence by consumers are the main reasons the dairy market cannot compete with imports, said domestic milk producers. The large displays of imported fresh milk at the Kingdom’s supermarkets present a cumbersome obstacle for local producers, they said.

  • ‘Pesticide-laden cucumbers’ kill two, poison 150 in Banteay Meanchey

    At least two youths have died and 243 others are being treated for vomiting, diarrhoea, breathing difficulties, dizziness and muscle weakness after they ate cucumbers suspected to consist of pesticides. The incident happened on Saturday, said Banteay Meanchey provincial police chief Ath Khem. He told The

  • Three dead, 13 injured in collapse at Siem Reap pagoda

    At least three people were killed and more than 10 others injured on Monday after a dining hall under construction collapsed at Prasat Kokchak pagoda in Kokchak commune, Siem Reap province. Provincial police chief Tith Narong said Military Police, soldiers and local volunteers had successfully recovered 16

  • Forest Harmony’s $18M luxury villas break ground in Kampot

    Local and French joint-venture Forest Harmony has broken ground on its $18 million “second-home” Luxury Holiday Villas project in Kampot province. Century 21 Mekong CEO and local shareholder of the project Chrek Soknim told The Post that the project will comprise 90 villa units covering 18ha on a 97

  • China Unicom enters Cambodia

    China Unicom, the country’s largest telecoms operator, has expanded into Cambodia to build optical telecommunication pathways in the Kingdom as part of the Belt and Road Initiative (BRI). The Hong Kong-listed company officially opened its China Unicom (Cambodia) subsidiary on Monday to become the

  • PP-SHV Expressway on track for completion in early 2023

    The construction of the $1.9 billion Phnom Penh-Sihanoukville Expressway, which broke ground at the end of March, is on track to be completed by early 2023, Ministry of Public Works and Transport spokesman Vasim Sorya said on Monday. The 190km high-speed highway linking the capital to the