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Tag Archives: oil and gas information
Little Information Known About Oil, Gas: Survey
A new survey suggests that many of Cambodia’s smaller business entrepreneurs are not fully aware of the development of the extractive industry. The survey, initiated by Cambodians for Resource Revenue Transparency and issued Tuesday, found that out of 548 companies, most had little knowledge of the sector and that information was lacking in both the media and the business community. However, observers say development of these resources, especially in oil and gas, will require good management and will affect many businesses Continue reading
Country Experience with EITI – Part 2
TA dedicated website, appointment of a former Minister of Finance as the overall coordinator, a petroleum law requiring revenue disclosure, and a decree establishing a multi-stakeholder committee are some of the ways that the countries that have endorsed the Extractive … Continue reading
Country Experience with EITI – Part 1
Twenty-seven countries are at various stages of implementing the Extractive Industries Transparency Initiative (EITI). One of the earliest implementers, Nigeria, estimates that EITI helped increase petroleum revenues to the government by US$ 1 billion in 2004 and 2005. This note … Continue reading
Avoiding the Resource Curse
Many resource-rich countries have fallen prey to the natural resource curse [1]. But a handful of developing countries have managed to escape it. This note examines four resource-rich countries and the policies they have followed since the beginning of the … Continue reading
Oil Resource Holds Hope for Cambodia’s Future Wealth
The impending development of off shore oil fields discovered in Cambodia’s territorial waters, and continuing onshore exploration, may herald big changes to the country’s economy. A joint ADB and World Bank Oil and Gas Mission visited Cambodia recently. During their … Continue reading
Introduction to Oil and Gas
The announcement of Cambodia’s first significant petroleum discovery in January 2005 has put Cambodia on a path to becoming a new oil producer. The world petroleum industry has a long history and oil has not always benefited people in the … Continue reading