Deal sealed: Tang (left) shaking hands with Cambodia’s Minister of Mines and Energy Suy Sem at the signing ceremony. — AFP
PHNOM PENH: Cambodia has signed an agreement with Singapore-listed KrisEnergy Ltd to develop an offshore oil field that could finally see the country produce its own oil after years of delays.
Cambodia has struggled to develop oil fields in the Gulf of Thailand, as few companies are willing to invest in the area following the 2014 global oil price slump.
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