Saturday, June 26, 2010

Govt defends handling of oil

Friday, 25 June 2010
By Sebastian Strango and Meas Sokchea
The Phnom Penh Post

THE government has defended its handling of extractive resource exploration agreements, in response to opposition queries about payments made by foreign firms for the right to explore Cambodian oil and mineral deposits.
On May 7, Sam Rainsy Party lawmaker Son Chhay wrote to Deputy Prime Minister Sok An requesting information about which companies have been awarded the right to prospect for oil and gas and how funds from those companies have been administered.
He also requested information about a US$28 million payment by French oil giant Total to secure offshore oil exploration rights, as well as the nature of a “social development fund” set up to distribute a portion of that firm’s payment.

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