The Phnom Penh Post reported on 26 february 2014 that It will be years before oil starts to be produced by energy giant Chevron’s offshore site in the Gulf of Thailand.
Meng Saktheara, secretary of state at the Ministry of Mines and Energy, said that negotiations over taxation have continued to stall the approval of Chevron’s permit to extract, and though Saktheara is confident a resolution will be found soon, it could take “three to five years” for Cambodia to see its first drop of oil. (Read more...)
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