July 27, 2011

Cambodia's oil imports up 72 pct in first half year


PHNOM PENH, July 26 -- Cambodia had imported 756,139 tonnes of petroleum in the first half of this year, up 72 percent from 440,607 tonnes in the same period a year ago, data from the Commerce Ministry's Camcontrol Department showed Tuesday.

About 692 million U.S. dollars had been used to purchase the petroleum during the first six months of this year, up 133 percent from 297 million U.S. dollars at the same time last year, it recorded.

It's estimated that Cambodia consumes more than one million tons of petroleum a year. The country has totally purchased it from Vietnam, Singapore and Thailand.

Cambodian Prime Minister Hun Sen publicly said on July 12 that the country would begin to produce its own oil from December 2012.

Currently, Cambodia's Petrochemical Company has been studying the feasibility to build an oil refinery with the annual capacity of 5 million tonnes per year in Preah Sihanouk province.

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