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

  • Hun Sen’s China visit ‘a good opportunity’

    Prime Minister Hun Sen’s visit to Beijing on Sunday to discuss economic and trade issues presents a good opportunity for the Kingdom to strengthen Chinese ties and counter punitive measures by the West, an analyst says. The prime minister’s four-day official visit to

  • Former chief bodyguard receives royal pardon

    The former chief bodyguard of late Senate president Chea Sim has received a royal pardon nearly eight years after he was sentenced to 15 years behind bars on several charges, according to a royal decree dated November 12, last year, and obtained by The Post on Wednesday.

  • Close to the edge: Hair raising pictures from Kulen Mountain

    A new hair raising attraction on Kulen Mountain has finally opened to the public, with people flocking to the protruding cliff edge overlooking green mountainous forests to take photographs. The giant overhanging rock is situated in an area known as Mahendraparvata – an ancient city of

  • US warned not to interfere despite successful meeting

    A senior Ministry of National Defence official said the Tuesday meeting between the US Deputy Assistant Secretary of Defence for South and Southeast Asia Joseph H Felter and General Neang Phat had helped strengthen relations between the two countries’ militaries. However, a senior Cambodian People’