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Cambodia Announces Game-Changing Crude Oil Extraction

T

the-diplomat

Oil revenues will likely further entrench the power of Prime Minister Hun Sen and his Cambodian People’s Party.

Late last month, after years of delays and unfulfilled promises, Cambodia announced that it had finally begun extracting crude oil from fields in the Gulf of Thailand.
Just $5 a month.
An infusion of resource wealth could potentially reduce Cambodia’s worrying economic reliance on China, and extra cover for the loans that it has already taken out from Chinese state banks.

This article was written by Sebastian Strangio

To read the full article, please click on the following g link: https://thediplomat.com/2021/01/cambodia-announces-game-changing-crude-oil-extraction/

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