Cambodia urges Russian companies to invest in oil sector

Mines Ministry has urged Russian companies to invest in many potential sectors in Cambodia, especially the development of oil and electricity.

HE Sok Khavan, Secretary of State of the Ministry of Mines and Energy, made this request during the 1st Online Business Mission of Russian Companies to the Kingdom of Cambodia meeting last week.

During the meeting, he highlighted the background and achievements of the Russian companies, which have conducted geological research and oil mapping in Cambodia both inland and offshore.

Given the previous experiences and studies, HE Khavan has urged those firms as well as other firms to explore further by investing more in Cambodia.

Besides the energy and oil sectors, the virtual meeting also focused on key topics on exploring investment opportunities in information technology, cybersecurity, digital technology, and industry.

 

- Video Advertisement -

Related Post

ADB Backs Cambodia’s Urban Future with $763 Million Investment

The Asian Development Bank (ADB) has approved a $763 million investment program, which includes a $20 million grant from the Asian Development Fund (ADF), to support Cambodia in strengthening its water security and enhancing the resilience and livability of its cities. This announcement was made in a press release by the bank on December 1, […]

Canadian Consortium Eyes Investment in Cambodia’s Key Sectors

During a recent visit to Canada, a Cambodian delegation led by His Excellency Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia, engaged with the Canadian-based Lee Li Holdings Group to explore potential investment opportunities in Cambodia. The discussions took place at Lee Li Holdings’ state-of-the-art fruit […]

Cambodian Government Unveils 2026 Budget Plans

The Cambodian government has announced an ambitious plan to allocate over 10 billion riel from the state budget in 2026, marking a 7.6% increase from 2025. This announcement was made during a cabinet meeting on October 24, 2025, with Prime Minister Hun Sen in attendance, highlighting the administration’s commitment to economic growth and development. According […]

Cambodia Approves 7 New Investment Projects Worth USD 1.3 Billion

The Council for the Development of Cambodia (CDC) has approved seven new investment projects with a total capital of approximately USD 1.3 billion, according to the “Single Entry-Exit Meeting” of the Cambodia Investment Committee held on October 9, 2025. His Excellency Chea Vuthy, Secretary-General of the Cambodia Investment Committee, stated that the new projects are […]

Norway Commits USD 1.2 Million to Mine Action Support in Cambodia

The Norwegian government has officially announced a significant new initiative to support mine action efforts in Cambodia, pledging a budget of USD 1.2 million for the period from 2025 to 2027. The grant was formalized during a signing ceremony held today, attended by Ms. Astrid Emilie Helle, the Norwegian Ambassador to Cambodia, and H.E. Ly […]

Japan Invests Over USD 260,000 in Cambodia’s Svay Rieng and Kampong Speu Provinces

In a significant boost for local development, Japan has announced a grant of USD 267,384 for two impactful projects in Cambodia’s Svay Rieng and Kampong Speu provinces. This funding is made possible through the Kusanagi Grant Agreement for Small-Scale Human Security Projects, signed on October 3, 2025. The first initiative, backed by USD 126,710, will […]