Plans proceeding for joint petroleum production with Cambodia

Plans proceeding for joint petroleum production with Cambodia

The government is proceeding its years-long plan for joint production of petroleum resources in the Gulf of Thailand together with Cambodia, according to government sources.

Sources said Deputy Prime Minister Prawit Wongsuwon had pushed for cooperation with Cambodia for years. He discussed it with Suy Sem, Cambodian minister of mines and energy, in Bangkok on Dec 16, 2022. Both sides viewed possible cooperation as a solution to energy shortages.

The cabinet on Tuesday had an informal discussion on the realisation of the joint production of petroleum resources estimated at 5 trillion baht.

The movement followed a positive signal from Cambodia to revive negotiation on the joint petroleum production on an overlapping claim area (OCA) of both countries and it would be based on the Malaysia-Thailand Joint Development Area (JDA), sources said.

The Foreign Ministry had set up a working group to handle negotiations.

Prime Minister Prayut Chan-o-cha earlier said the issue was important and concerned many parties and the Foreign Ministry and the Energy Ministry were supervising it.

Do you like the content of this article?

'Floating toilets' help Cambodia's lake-dwelling poor

SIEM REAP (CAMBODIA) - Pointing to the murky waters of the Tonle Sap, Si Vorn fights back tears as she recalls her four-year-old daughter dying from diarrhoea after playing in the polluted lake.


Credit Suisse shares slump over 61% in premarket trading after UBS deal

LONDON/ZURICH: Shares in Credit Suisse dropped 61.95% in premarket trading in Zurich on Monday after rival UBS agreed at the weekend to take over the 167-year old bank for $3 billion.


Bitcoin near 9-month high as bank turmoil sparks rally

HONG KONG: Bitcoin hovered near nine-month highs on Monday, and has closed out its best week in four years as turmoil in traditional banking drives some investors to turn to digital assets.