Cambodia files lawsuit against vessel owners over alleged crude oil theft

A view of oil extraction facilities being operated by KrisEnergy and the Cambodia government in the Gulf of Thailand, in December 2020. KrisEnergy

Cambodia’s first entry into oil extraction may have ultimately failed, but the government is turning to the law to salvage at least one part of the attempt.

Cambodia preparing to ask Indonesia for return of stolen crude oil

A view of oil extraction facilities being operated by KrisEnergy and the Cambodia government in the Gulf of Thailand, in December 2020. KrisEnergy

Cambodia’s government spokesperson has said that the nation will ask Indonesian authorities to send back the MT Strovolos oil tanker, which has been charged with stealing roughly 300,000 barrels of crude oil from Cambodia’s Apsara field in the Gulf of Thailand.

Hun Sen addresses failure of KrisEnergy oil project in public address

Cambodia's first drop of domestically produced crude oil is preserved at the Win Win Monument in Phnom Penh, June 9, 2021. CamboJA/ Panha Chhorpoan

As the liquidation of KrisEnergy carries on, Cambodian officials have publicly hinted the troubled oil exploration firm may face additional legal challenges after having allegedly broken its agreement with the state during the firm’s short-lived extraction in the Gulf of Thailand.

Cambodia completely halts oil extraction, awaiting court decision on KrisEnergy liquidation

A view of oil extraction facilities being operated by KrisEnergy and the Cambodia government in the Gulf of Thailand, in December 2020. KrisEnergy

The Cambodian Ministry of Mines and Energy has confirmed that oil production at the offshore Apsara oil field has completely stopped as the overseeing KrisEnergy proceeds for liquidation.

Rising gasoline price adds burden for those already struggling from pandemic fallout

Motorists drive past a gasoline station in Phnom Penh, July 19, 2021. CamboJA/ Pring Samrang

Ministry of Commerce figures show the current retail price is 4,100 riel per liter of regular gasoline and​ 3,650 riel for diesel. The ministry does not include premium, or super, fuel prices but at petrol stations it is averaging about 4,600 riel per liter. For the first two weeks of June, by comparison, gasoline sold at 3,800 riel, and diesel sold at 3,450 riel.