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Chinese, Cambodian firms to jointly build first oil refinery in Cambodia

12.28.2012  | 

Sinomach China Perfect Machinery will carry out construction of the refinery. Construction is expected to complete by end-2015, Xinhua said, without mentioning a start date. Upon completion, the plant will have the capacity to refine 5 million tpy of oil products, equivalent to about 100,000 bpd,

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By ZHOUDONG SHANGGUAN

BEIJING -- Cambodian Petrochemical Company and Sinomach China Perfect Machinery Industry Corp. will jointly develop Cambodia's first oil refinery costing an estimated $2.3 billion, Xinhua News Agency reported Friday.

The oil refinery will be located on an 80-hectare area within a boundary of Preah Sihanouk province and Kampot province, Xinhua reported, citing Zhang Sugang, president of Sinomach China Perfect Machinery Industry Corp.

Sinomach China Perfect Machinery, a state-owned firm with diverse businesses ranging from oil engineering to property, will carry out construction of the refinery, Xinhua said.

Construction is expected to complete by end-2015, Xinhua said, without mentioning a start date.

Upon completion, the plant will have the capacity to refine 5 million tpy of oil products, equivalent to about 100,000 bpd, Mr. Zhang said.

Cambodia's oil demand is forecast to rise to 3 million-4 million tpy eventually, up from 1 million currently, in tandem with rising economic growth. That's according to Sok An, the chairman of Cambodian National Petroleum Authority. He is also the country's deputy prime minister.


Dow Jones Newswires



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Neang SA
12.29.2012

Here is another fat cat,Sok Anh,who is Deputy P M and also chairman of national petroleum authority.He has taken plenty of land from Cambodian people, currently lands are under his current wife's name. He was the architect of holding back the corruption laws until the money laundering through many facets including land sale in Cambodia. Now, many of officials' wife are told to have businesses set up to cover up the assets.

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