The Ministry of Mines and Energy signed a petroleum agreement with Cambodia Resources Energy Development Co on exploration of the offshore Block D oilfield. “Signing the agreement allows the company to conduct studies and search for oil in Block D,” Cheap Sour, director-general of Petroleum at Ministry of Mines and Energy said yesterday. Under the […]
Read MoreFour Cambodian factories produced 7.89 million tonnes of cement in 2019, allowing the nation to reduce the amount of imports feeding the booming construction sector, according to a report by the Ministry of Mines and Energy. The National Bank of Cambodia’s Macroeconomic and Banking for 2019 Report and 2020 Outlook, stated that in 2019 cement […]
Read MoreIndustry workers have voiced serious concerns over the current rubber plantation sector in the Kingdom, with major companies in the market struggling to survive after 10 years of stubbornly low prices. Lim Heng, vice-president of An Mady Group, a company that exports rubber products, explained: “This is not just an issue in Cambodia. Low prices […]
Read MoreThe European Commission has decided to withdraw part of the tariff preferences granted to Cambodia under the European Union’s Everything But Arms’ (EBA) trade scheme due to the serious and systematic violations of the human rights principles enshrined in the International Covenant on Civil and Political Rights. The withdrawal of tariff preferences and their replacement […]
Read MoreLatest data from the Ministry of Commerce shows that from January to December last year, Cambodia exported some US$2.27 billion worth of products to Thailand, up 195 percent compared to a year earlier. For imports, Cambodia spent around US$7.1 billion for Thailand’s products, a decrease of 6 percent compared to 2018. Seang Thay, Spokesperson at […]
Read MoreBecause of the increasing demand for power consumption and a rise in development activies, power supply in the Kingdom has increased sharply, according to a report by the Ministry of Mines and Energy. The report states that the power supply generated has increased from 2,635 megawatts (mW) in 2018 to 3,382 mW in 2019, a […]
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