Cambodia set for multi-million dollar oil payday in October


KrisEnergy filed for liquidation on June 4, 2021, saying it is unable to pay its debts. - KRISENERGY

PHNOM PENH (The Phnom Penh Post/Asia News Network): Cambodia expects to receive millions of dollars in October in proceeds from the sale of nearly 300,000 barrels of crude oil stolen by the Bahamas-flagged tanker MT Strovolos last year following a payment dispute with the Apsara oil field’s Singaporean developer, KrisEnergy, according to a senior energy official.

This, after long-running discussions came to a close on Sept 10, with the concerned parties reaching a settlement, Ministry of Mines and Energy Cheap Sour told The Post on Thursday (Sept 29).

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Cambodia , oil , Krisenergy , payday

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