Cambodia’s petrol bill topped $440 million at the end of the first
quarter, up 11% from $397 million during the same period last year.
Cambodia imported a total of 453,000 tons of petroleum during the first
quarter this year, 10% more than the amount imported during the three months of
2013. Cambodia spends over $1 billion on more than one million tons of oil
imports per year. The majority of imports come from Vietnam, Singapore and
Thailand. Meanwhile, US-based energy giant Chevron to negotiations with the
Cambodian government over taxation issues.
Cambodia Petrochemical Company (CPC) plans to build an 80-hectare oil
refinery worth an estimated $2.3 billion in Preah Sihanouk and Kampot
provinces. Construction of the refinery, however, has been delayed and it is
not expected to be operational until 2016.
Source:
http://www.phnompenhpost.com/business/imports-petroleum-rise-last-quarter
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