Cambodia creates new ministry for oil, mining

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cambodia miningThe Cambodian parliament on December 20 endorsed the setting up of a new ministry specifically in charge of mines and energy, in the hope that oil and gas production will finally get under way in the next couple of years.

The new Ministry of Mines and Energy will be split from the Ministry of Industry, Mines and Energy, which will then become the Ministry of Industry and Handicraft.

The decision was endorsed by 67 members of National Assembly from the ruling Cambodian People’s Party of Prime Minister Hun Sen, in the absence of all 55 elected parliamentarians from the opposition Cambodia National Rescue Party who have boycotted assembly sessions ever since the disputed results of the July 28 general election were announced.

Suy Sem, former minister of industry, mines and energy, was named as minister of mines and energy, while Cham Prasidh, former minister of commerce, was named as minister of industry and handicraft.

To date, Cambodia has granted oil and gas exploration licenses to several foreign companies including US energy giant Chevron Corp., Japan’s Mitsui Oil Exploration Co., Thailand’s PTT Exploration and Production Plc., Singapore Petroleum Co. and China National Offshore Oil Corp.

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Reading Time: 1 minute

The Cambodian parliament on December 20 endorsed the setting up of a new ministry specifically in charge of mines and energy, in the hope that oil and gas production will finally get under way in the next couple of years.

Reading Time: 1 minute

cambodia miningThe Cambodian parliament on December 20 endorsed the setting up of a new ministry specifically in charge of mines and energy, in the hope that oil and gas production will finally get under way in the next couple of years.

The new Ministry of Mines and Energy will be split from the Ministry of Industry, Mines and Energy, which will then become the Ministry of Industry and Handicraft.

The decision was endorsed by 67 members of National Assembly from the ruling Cambodian People’s Party of Prime Minister Hun Sen, in the absence of all 55 elected parliamentarians from the opposition Cambodia National Rescue Party who have boycotted assembly sessions ever since the disputed results of the July 28 general election were announced.

Suy Sem, former minister of industry, mines and energy, was named as minister of mines and energy, while Cham Prasidh, former minister of commerce, was named as minister of industry and handicraft.

To date, Cambodia has granted oil and gas exploration licenses to several foreign companies including US energy giant Chevron Corp., Japan’s Mitsui Oil Exploration Co., Thailand’s PTT Exploration and Production Plc., Singapore Petroleum Co. and China National Offshore Oil Corp.

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