Nation’s quest for ‘black gold’ looks more achievable
First production of fuel expected within just a few months
When Chevron announced in 2003 that it had struck oil, it sent mixed signals to various stakeholders in Cambodia at that time, such as World Bank and International Monetary Fund as well as the inconquistable non-governmental organisations.
Interest in the oil and gas sector has been hot and cold over the past 20 years but questions abound whether KrisEnergy’s resolute determination would finally strike (black) gold for Cambodia
Despite a rosy outlook for its oil industry, the Kingdom needs to face several issues as it moves further into the sector