Oil and Gas News

Oil tipped to be a hot topic in Cambodian talks with Thailand

Aug 9, 2006, 10:52 GMT

Phnom Penh - Wrangling over revenues from joint offshore oil reserves was expected to continue to prove a hot topic during Thai caretaker Prime Minister Thaksin Shinawatra's visit to Cambodia, reported local media Wednesday. Speculation that talks over oil and gas will take precedence was fuelled by reports in local Khmer-language media Wednesday that Cambodian Deputy Prime Minister Sok An and Secretary-General of the National Oil Authority Te Duong Dara had just returned from discussions on the topic in Bangkok and Dara had indicated that the issue was not yet resolved. The two neighbouring nations are disputing what ratio each should be awarded from the so-called Joint Development Area which lies between them in the Gulf of Thailand. Cambodia has demanded a far greater share of lucrative potential oil and gas reserves than Thailand has so far been willing to concede. Thaksin will meet with Prime Minister Hun Sen on Thursday and also receive an audience with King Norodom Sihamoni during the one-day visit. Border issues are also expected to be discussed, according to a statement from the Cambodian Foreign Ministry. © 2006 dpa - Deutsche Presse-Agentur

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