Tag Archives: Oil and gas

Explaining spending oil and gas revenues remained unclear

Concerns over the management of oil and gas revenues by public and opposition parties, so far, there are 23 companies having been awarded rights to explore for oil and gas in Cambodia’s offshore but not all of them are operating. By the way, the public expressed worried about the Cambodia’s management of its natural resources … Continue reading

Refining Crude Oil – Part 2

Refining is a capital-intensive industry in a market driven by divergent forces—cleaner fuelsto address local air pollution; greater fuel efficiency against the backdrop of record oil prices; and steadily rising consumption of transportation fuels due to rising income, especially in developing countries. Part 2 of the briefing notes on refining discusses these topics and other … Continue reading

Refining Crude Oil – Part 1

Crude oil is what we extract out of the ground; refined products (such as gasoline and diesel) are what we consume. As of end-2007, there were 657 refineries around the world with a combined crude processing capacity of 85 million barrels per day (bpd). This briefing note provides technical background information on the characteristics of … Continue reading

Prime Minister called on petrol firms to lower cost

Prime Minister Hun Sen called on two local petrol companies to reduce cost of oil or hold them steady during his speech at graduation ceremony at Build Bright University in Phnom Penh. He praised the two oil companies but he criticized two international petro firms for their different approaches. The Premier said that the two … Continue reading

Contracts for Petroleum Development – Part 3

The flows of oil revenues are quite complex. This note presents the results of two hypothetical simulations — one a progressive production sharing regime and the other regressive – to illustrate qualitatively how they affect the amount and timing of government revenue and investors’ profits. Briefing Notes 7 and 8 [1,2] gave an overview of … Continue reading

Contracts for Petroleum Development – Part 2

Petroleum contracts are long and complex. Production sharing agreements, the type of contracts being signed in Cambodia, are no exception. However, they are important to the country’s future economic and development options and hence it would be helpful if the public had a basic understanding of how these contracts work and, in particular, how government … Continue reading