A Cambodian man fills a motorbike's fuel tank along a street in Phnom Penh on July 1, 2010. Cambodia will begin pumping oil for the first time in December 2012 as it looks to tap the potential of its offshore reserves, the government said on July 1, 2010. -- PHOTO: AFPAFP
PHNOM PENH - CAMBODIA said on Thursday it will begin pumping oil for the first time in December 2012 as it looks to tap the potential of its offshore reserves.
Deputy Prime Minister Sok An, who is also chairman of the Cambodian National Petroleum Authority, said the 'first drop of oil production' would start in two years.
Cambodia was feted as South-east Asia's next petro-state after oil was discovered there in 2005, but production stalled amid apparent wrangling between the government and US energy giant Chevron over revenue sharing. Prime Minister Hun Sen warned the oil company in April that he would terminate its contract if the offshore fields had not begun pumping by late 2012.
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