The Mirror, Vol. 14, No. 676
“The National Oil Corporation of Vietnam, Petrolimex, launched its representative office in Phnom Penh on 2 August 2010.
“During the inauguration, the director of Petrolimex, Mr. Dui Ngoc Bao, said that the representative office has the role to promote the name of the company and to do market research as well as to find trade opportunities for oil, gas, and related products, and other services in Cambodia.
“He added, ‘It is a significant step in our strategy to expand our corporation and to promote our operation on the international market, especially also on the Cambodian market
.”The Minister of Foreign Affairs of Vietnam, Deputy Prime Minister. Pham Gia Khiem [Phạm Gia Khiêm], said that Petrolimex has been operating in Cambodia since 1990, and the oil products this company supply more than half of the oil demands in Cambodia, earning US$700 million each year.
“The Minister of Commerce, Mr. Cham Prasidh, said that this company has supplied oil for local companies in Cambodia for nearly 20 years, and the oil of this company is competitive in quality and in price. He said, ‘Cambodia consumes about 1 million tonnes each year, and 80% of the oil is supplied by Petrolimex. We do not even need to check the quality of the oil, since we know well that the oil produced by the company is of high quality’.
“Mr. Cham Prasidh added, ‘Also Sokimex and Tela buy oil from Petrolimex.’ He went on to say that besides these two companies, Price Victory, Chevron, and Total might also buy oil from Petrolimex.
“He said, ‘The opening of the representative office of Petrolimex in Cambodia is a new step for the oil sector in Cambodia. I encourage the company to open its branch office in Cambodia soon, because it can help advertise the company, though agreements and contracts on operation cannot be signed.’
“The deputy director of Sokimex, which supplies 30% of the market in Cambodit, Mr. Hy Heng, said on 2 August 2010 that Sokimex has bought oil from Petrolimex since 1993, and the representative office to be opened will facilitate his company in contacting Petrolimex.
”He said, ‘The oil market in Cambodia is very competitive – more than 10 oil companies are operating in Cambodia at present. The representative office of Petrolimex will offer information about the competitive oil market here.’” Phnom Penh Post [Khmer Edition], Vol.1, #228, 3.8.2010
This article was first published by The Mirror, Vol. 14, No. 676 - Tuesday, 3.8.2010
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Norbert Klein is the Editor of The Mirror – The Mirror is a daily comprehensive summary and translation of the major Khmer language press - More about The Mirror
ha, ha... trying to imply( August-08-2010 )
ha, ha... trying to imply loyalty should play a role in deciding who gets "in" on Cambodia's oil resource extraction - or am I just being a cynic?