Construction of Cambodia’s First Oil Refinery Plant Temporarily Paused

• Kongleaphy Keam
• 8 December 2020
• Uncategorized
• 8879 Views

Construction on the first-ever oil refinery plant in Cambodia, expected to be complete by 2022, has been temporarily paused due to the developers’ financial shortage.

According to the initial plan, the project, which broke ground since 2017, should have already gone online since early 2019. Although completion was once postponed to 2022, and now construction has been paused once again.

Director-General of Petroleum at Ministry of Mines and Energy HE Cheap Sour said on 08 December that the responsible companies are seeking new partners to cooperate on the project.

“The firm’s partners have financial problems and now the construction process is stuck and the firms is seeking other potential partners. As of today, they have not informed any updates to the ministry yet,” said HE Cheap Sour.

This project broke ground in May 2017, with US$620 million of investment set for the first phase. It is a joint venture between local investment firm Cambodia Petrochemical Co Ltd and China’s CNPC’s Northeast Refining and Chemical Engineering Co Ltd. (Read more)

This project is different from Cambodia’s first offshore oil production in Khmer Basin by KrisEnergy, which recently also requested another delay after several postponements since June this year. (Read more)

• Projects Development
• Energy and Environment