Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. 24/7 Space News .




ENERGY TECH
China backs Cambodia's first oil refinery
by Staff Writers
Phnom Penh (AFP) Dec 28, 2012


Cambodia on Friday gave the green light to construction of its first oil refinery, a multi-billion-dollar Chinese-backed project, as the kingdom looks to tap its untouched offshore reserves.

Cambodia's oil and gas regulator approved a deal to allow SINOMACH China Perfect Machinery Industry Corp. and Cambodian Petrochemical Co. jointly invest $2.3 billion in the plant in the southwest of the country.

"We hope that we will have an oil refinery plant that can produce five million tonnes of oil products a year," Deputy Prime Minister Sok An said during the signing ceremony.

The plant is expected to start operating in late 2015.

Impoverished Cambodia had hoped to begin pumping oil this month from offshore fields, but the start has been delayed indefinitely, according to government officials.

The country was feted as Southeast Asia's next petro-state after oil was discovered there in 2005, but production stalled amid apparent wrangling between the government and US energy giant Chevron over revenue sharing.

"We have been trying our best to develop the oil sector for years but without results," Sok An said, adding that the government was still in talks with Chevron.

Cambodia could be sitting on hundreds of millions of barrels of crude and natural gas, according to some estimates, but it remains unclear how much can actually be recovered.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





ENERGY TECH
Minister says Turkey will keep buying gas from Iran
Ankara (AFP) Dec 26, 2012
Turkey will keep buying natural gas from neighbouring Iran as Western allies raise pressure over Tehran's disputed nuclear programme, Energy Minister Taner Yildiz said on Wednesday. "It is out of question for us to take a step backward," Yildiz was quoted as saying by the Anatolia news agency. "Furthermore, we have not been asked to take such a step." Iran is Turkey's second biggest natu ... read more


ENERGY TECH
Russia designs manned lunar spacecraft

GRAIL Lunar Impact Site Named for Astronaut Sally Ride

NASA probes crash into the moon

No plans of sending an Indian on moon

ENERGY TECH
Russia May Join ExoMars Project in Q1 2013

Working Through the Holidays

Clays on Mars: More Plentiful Than Expected

Opportunity For Some Shoulder Workout At Copper Cliff

ENERGY TECH
NASA Puts Orion Backup Parachutes to the Test

White House to honor scientists, inventors

TDRS-K Arrives at Kennedy for Launch Processing

Sierra Nevada Corporation Selected by NASA to Receive Human Spaceflight Certification Products Contract

ENERGY TECH
Mr Xi in Space

China plans manned space launch in 2013: state media

China to launch manned spacecraft

Tiangong 1 Parked And Waiting As Shenzhou 10 Mission Prep Continues

ENERGY TECH
New ISS crew docked at Space Station

Expedition 34 Spends Christmas in Space

Three astronauts blast off for ISS in Russian craft

Soyuz rocket brings trio to space station

ENERGY TECH
Investigation into Proton Launch Anomaly Continues as Root Cause is being Evaluated

Ariane 5 ECA orbits Skynet 5D and Mexsat Bicentenario satellites

Payload integration complete for final 2012 Ariane 5 mission

Arctic town eyes future as Europe's gateway to space

ENERGY TECH
Spiral Structure of Disk May Reveal Planets

Closest sun-like star may have planets

Nearby star is good candidate for Earth-like planets

Venus transit and lunar mirror could help astronomers find worlds around other stars

ENERGY TECH
Liquid crystal research, future applications advance

US probes HP's Autonomy fraud allegations

UKube-1 Signs up for Launch and Completes Thermal Vacuum Testing

China sets first-half rare earth export quota for 2013




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement