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Oil and Gas
Last updated: 2013
Trade & Investment Promotion Unit - Royal Embassy of Cambodia - London

Cambodian Petrochemical Company and Sinomach China Perfect Machinery Industry Corp jointly announced to build the first oil refinery in Cambodia and the construction is expected to be completed at the end of 2015.

The oil refinery will cost 2.3 billion U.S. dollars and it will take 36 months to be constructed on the 80- hectare area within the boundary of Preah Sihanouk province and Kampot province.

When the construction is completed, the plant will be capable to produce 5 million tons of oil a year. The would-be plant will help boost the development of Cambodian economy, increase state's revenues and generate thousands of jobs.

U.S.' Chevron has invested about 150 million U. S. dollars for oil and gas exploration in Cambodia's offshore Block A and it is estimated that the firm needs to invest another 600 million U.S. dollars to exploit oil and gas from the Block.

There are several oil companies negotiating with the Government to invest in other blocks.

This also mirrors local and foreign investors' trust in Cambodian business and political situation.

Currently, Cambodia's oil demand is more than 1 million tons a year, but the demand will reach 3 or 4 million tons a year in coming years thanks to a steadily growing economic size.


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