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 extracts first crude oil from Thai Gulf after years of delays

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

Cambodia has begun extracting its first crude oil from the Gulf of Thailand – a development that Prime Minister Hun Sen called a “blessing” as observers demanded transparency over revenue in order to avoid the “oil curse” that has riled other major producing nations. The first drop was extracted from the “Block A” concession on […]