investment

Cambodia Will Be Able to Produce Oil in 2012, and Cambodia and Japan Jointly Study a Wetland Area near the Tonle Sap Lake – Wednesday, 5.5.2010

Norbert Klein Leave a comment

The Mirror, Vol. 14, No. 663

“The Minister of the Council of Ministers, Deputy Prime Minister Sok An, stated that Cambodia will be able to produce oil in 2012. He said so during the signing ceremony of a Memorandum of Understanding between the Japan Oil, Gas and Metals National Corporation (JOGMEC) and the National Petroleum Authority of Cambodia in the morning of 4 May 2010 at the Council of Ministers.

“Deputy Prime Minister Sok An stated on the occasion that he strongly believes in the project signed that day, because it enables to study whether or not to explore for oil and gas resources, especially to explore for oil in Block 17, adding, ‘I welcome and wish this Japanese company well for having decided to invest in Cambodia.’

“The deputy director of JOGMEC said that he cannot foresee the amount of money to be invested in this project, as today’s signing allows the company only to study the field, but it has not reached a stage to discuss mining explorations. According to the plan, the study might take around two years, and then, the company might conduct explorations as soon as possible.

“A spokesperson of the Office of the Council of Ministers, Mr. Ek Tha, said at that occasion, ‘This is an agreement that encourages joint industrial studies between two Asian countries, Cambodia and Japan.’ He added, ‘The area to be studied covers 6,500 square kilometers, and it is to the northeast of the Tonle Sap Lake in Kompong Thom.’ According to officials, the JOGMEC had already conducted magnetic and pressure studies between 1997 and 1999.

“Mr. Ek Tha went on to say that there are concerns raised by environmentalists in Cambodia about this project. But he said that Cambodia and the Japanese oil company are studying also the possible bad impacts on the environment in Block 17, in order to reduce or to avoid those impacts, since Japan is a country that strongly cares about the environment. Cambodia is also keenly caring about the environment in order to maintain the sustainability of resources in this long term project. The environment is also an important issue for the Cambodians of future generations.

“It should be noted that the signing of the Memorandum of Understanding on commercial cooperation on underground oil and gas resources was chaired by the Parliamentary Secretary for Economy, Trade and Industry Takahashi Chiaki [大臣政務官 高橋千秋], who said that his country is the second biggest donor to Cambodia, granting US$12 million each year.

“According to the Council of Ministers, commercial ties between Cambodia and Japan are progressing, amounting to US$105.18 million between 1994 and 2009. Cambodia exported products to Japan worth US$69.6 million in 2008, but only US$6.8 million within 8 months of 2009.” Deum Ampil, Vol.4, #468, 5.5.2010

Newspapers Appearing on the Newsstand:
Wednesday, 5 May 2010

Deum Ampil, Vol.4, #468, 5.5.2010

  • Cambodia Will Be Able to Produce Oil in 2012, and Cambodia and Japan Jointly Study a Wetland Area near the Tonle Sap Lake
  • The Phnom Penh Municipality Will Set Up a Democracy Compound for Non-Violent Protesters [which is not far from the National Assembly – a law relating to this creation will become valid in June 2010]

Kampuchea Thmey, Vol.9, #2240, 5.5.2010

  • The Minister of Information [Mr. Khieu Kanharith] Wants All Journalists Associations to Unite into One [to facilitate the organization of training events and to strengthen international trust, and to better protect journalists’ rights; at present there are 23 different journalists’ associations]
  • The Malaysian Prime Minister [Tun Abdul Razak] Will Visit Cambodia Officially for Three Days [from 9 to 11 May 2010 in response to Prime Minister Hun Sen’s invitation]

Khmer Machas Srok, Vol.4, #647, 5.5.2010

Koh Santepheap, Vol.43, #6947, 5.5.2010

  • A Man Coming from Pailin to Buy a Car Bringing More Than US$15,000 with Him Was Robbed [by four robbers] and Wounded by One Shot [Phnom Penh]

Moneaksekar Khmer, Vol.17, #3871, 5.5.2010

  • [Sam Rainsy Parliamentarian] Son Chhay Demands the Government to Explain to the National Assembly about ‘Tea Money’ and Payments from the BHP Billiton and the Total Petroleum Companies, as Well as about Payments for the Provision of Mobile Phone Licenses

Phnom Penh Post [Khmer Edition], Vol.1, #164, 5.5.2010

  • Official [Mr. Chheng Kimson, head of the Forestry Administration]: 6,000 Cubic Meters of Wood Were Seized and 100 Suspects Were Accused [during the present campaign]
  • The Ministry of Health Will Provide Logos to Be Displayed at Restaurants That Serve Food According to Good Sanitation Standards

Rasmei Kampuchea, Vol.18, #5189, 5.5.2010

  • Cambodia Tells Thailand that the Ta Krabei Temple and the Cable Lift to the Mountain Is On Khmer Territory [this response was made after the Ministry of Foreign Affairs of Thailand had sent a diplomatic note to Cambodia, claiming that the temple and the construction site for a cable lift are on Thai territory]
  • A Trade Union and the Opposition Party Plan to Present the Documentary Film ‘Who Killed Chea Vichea’ [while the authorities had warned they would take legal action against this]
  • Court Detains Fourteen Villagers for Destroying State Forest [Banteay Srey, Siem Reap]
  • The National Television of Cambodia Spends US$600,000 to US$700,000 Each Year [for hiring a satellite link] to Send Television Programs to the United States of America [now, the Ministry of Information wants to send them through standard Internet procedures which is cheaper]

Have a look at the last editorial – you can access it directly from the main page of the Mirror.
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