By Irwin Loy
The Phnom Penh Post
CAMBODIA is taking strides to ensure that its nascent extractive industries will be well managed, an official with an international NGO said Tuesday, though observers warned that the government must be more transparent with incoming revenues.
With expectations raised by the discovery of potential offshore oil reserves, observers say extraction in Cambodia is at a critical stage.
At a conference Tuesday discussing industry governance, a representative of the NGO Oxfam America said he believed Cambodia is on the right path to avoiding pitfalls that have challenged oil-producing countries in the past.
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