investments

Petro Vietnam Signed an Agreement on Oil Exploration in Block 15 with the Cambodian National Petroleum Authority – Saturday, 14.11.2009

Norbert Klein Leave a comment

The Mirror, Vol. 13, No. 638

Apologies for the delays, which may continue into the coming week, as I am attending the UN Internet Governance Forum meetings in Sharm el Sheikh/Egypt with a busy schedule, in a different time zone. I try to be timely as much as possible.

Norbert Klein

“The Cambodian National Petroleum Authority and the Petro Vietnam Exploration Production Corporation, which is part of the Vietnam Oil And Gas Group, signed an agreement on oil exploration in Block 15 (XV) in the evening of 12 November 2009 at the Intercontinental Hotel in Phnom Penh.

“The ceremony was organized under the presidency of the Minister of the Council of Minister, Deputy Prime Minister Sok An, by the head of the Cambodian National Petroleum Authority, and by a Deputy Prime Minister of the Socialist Republic of Vietnam, Mr. Hoàng Trung Hải [Hoang Trung Hai].

“This agreement was signed by Mr. Sok An and by director of the Petro Vietnam Exploration Production Corporation General Director of Petro Vietnam Exploration and Production Corporation Nguyễn Vũ Trường Sơn [Nguyen Vu Truong Son].

“The deputy director of the Cambodian National Petroleum Authority, Mr. Ho Vichet, said that the oil sector in Cambodia attracts the attention from many international oil companies to invest in it. Practically, some companies have been offered the right to study and to explore oil in Cambodia both in the sea and on land. Positive results of oil exploration in the Cambodian sea in Block A resulted in trust about the existence of oil resources both in the sea and on land in the Kingdom of Cambodia.

“Mr. Ho Vichet added that so far, the government has offered oil companies the right to study and explore all oil blocks, and each company is fulfilling their tasks at their respective blocks, following the agreements. Also, there are some companies signing agreements on inland oil on with the Royal Government of Cambodia and others are continually following up to invest also in the fields at those blocks that still remain unexplored.

“The head of the Board of Directors of the Vietnam National Oil and Gas Group, Mr. Đinh La Thăng [Dinh La Thang], said that this is a new breaking of a record regarding cooperation in the field of oil exploration between the two countries. Block 15 is located at the northeast of the Tonle Sap Lake in the Cambodian inland, where oil availability is estimated for 30 years, and gas availability for 35 years, and the exploration will take 7 years.

“As for Vietnamese Deputy Prime Minister Hoang Trung Hai, he said that the signing of an oil agreement for Block 15 is the fist cooperation between Cambodia and Vietnam in the oil sector, which is being considered by the Vietnamese government as potential sector to encourage economic development, and to ensure energy stability in the country. ‘The signing today marks a better cooperation between the two countries.’

“Deputy Prime Minister Sok An said that this agreement will provide a lot of benefits, like human resources development, exchange of experience in the oil sector, creation of new jobs, income which contributes to achieving success for the goals of the Royal Government to develop the economy and the society, as well to reduce poverty. ‘I consider the event today as a new testimony which clearly demonstrates a long term development of traditional, historical, and strategic relations inherited between the people of Cambodia and the people of Vietnam, especially by strengthening economic cooperation and of investment in the private sector.’

“The Deputy Prime Minister added that to successfully develop the oil and gas sectors, Cambodia necessarily needs joint cooperation in investment with highly experienced and successful companies. He said, ‘In this sense, I would like to highly assess the right decision of the Petro Vietnam, and I would like to express my appreciation towards the Vietnamese leader and government for encouraging and supporting investment projects in Cambodia. The ceremony today is not only a sign of a new success in good cooperation between the two countries, but I think it is also the opening in a broader sense for further investments between Cambodia and Vietnam. The Royal Government of Cambodia always supports and encourages different companies in Vietnam that are operating and plan to invest in Cambodia.” Deum Ampil, Vol.3, #336, 14.11.2009

Newspapers Appearing on the Newsstand:
Saturday, 14 November 2009

Deum Ampil, Vol.3, #336, 14.11.2009

  • Petr Vietnam Signed an Agreement on Oil Exploration in Block 15 with the Cambodian National Petroleum Authority
  • [The Minister of Foreign Affairs and International Cooperation] Deputy Prime Minister Hor Namhong Leads a Delegation to Attend the World Summit on Food Security [from 16 to 17 November 2009 in Rome, Italy]
  • [Head of the Cambodia Red-Cross and Prime Minister Hun Sen’s wife] Bun Rany Will Receive an HIV/AIDS Leadership Award from UNAIDS [on 17 November 2009 for her noticeable leadership in the battle against HIV in Cambodia and in the region]

Kampuchea Thmey, Vol.8, #2098, 14.11.2009

  • The Special Paratrooper Brigade 911 Was Withdrawn from the Preah Vihear Border Region
  • On 17 November 2009, There Will Be an ASEAN-Japan Security Exercise at the Sihanoukville Port
    The A/H1N1 Flu Killed Already 3,900 US Citizens

Khmer Machas Srok, Vol.3, #529, 14.11.2009

  • Mr. Sam Rainsy: The Cambodian Authorities Listen to Yuon [Vietnam] to Suspend His Immunity
  • [Thai ousted prime minister] Thaksin Shinawatra Has Not Been Seen to Go to Meet with the Khmer King [after he was named advisor of Prime Minister Hun Sen and of the government]
  • [Thai Prime Minister] Abhisit Vijjajiva Said that the [Thai] Embassy in Cambodia Is Not Closed, and He Does Not React against the Expulsion of the First Secretary [of the Thai Embassy] from Cambodia

Koh Santepheap, Vol.42, #6805, 14-15.11.2009

  • Puea Thai [opposition] Party Delegation Came through the Poipet Border Crossing to Meet Mr. Thaksin Shinawatra in Siem Reap
  • Thaksin Shinawatra: In Order to Have Further Development, the Focus Must Be on Agriculture and Tourism, for Which a Clean Environment is important, and High Security Is Required for Tourists [speaking to Cambodian economists]
  • Cambodia and Laos Signed an Agreement to Exchange International Telecommunication Services [to connect international phone services directly to each other, as well as to other countries in the region]

Rasmei Kampuchea, Vol.17, #5047, 14.11.2009

  • Cambodia Asked [other ASEAN countries] Not to Raise the Cambodian-Thai Dispute during the ASEAN-US Summit
  • Sam Rainsy Party Parliamentarians Asked for a Delay of the Session to Suspend Mr. Sam Rainsy’s Immunity [on 16 November on the ground that the complaint of the Svay Rieng Court over his participation to remove temporary border markers at the Cambodian-Vietnamese border is not a civil case, but a territorial complaint]

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