Eight years after Chevron found crude oil off Cambodia’s coast, the American company has yet to begin full production. In remarks in April, Prime Minister Hun Sen said he wants the oil giant to begin production by 2012 or risk losing its rights.
Kong Sothanarith, VOA Khmer
Phnom Penh Tuesday, 15 February 2011
“There are few that know where petroleum is being explored, what companies have obtained licenses.”
A new survey suggests that many of Cambodia’s smaller business entrepreneurs are not fully aware of the development of the extractive industry.
The survey, initiated by Cambodians for Resource Revenue Transparency and issued Tuesday, found that out of 548 companies, most had little knowledge of the sector and that information was lacking in both the media and the business community.
However, observers say development of these resources, especially in oil and gas, will require good management and will affect many businesses.
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