Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Cambodia's Future Leaders Celebrated as Prime Minister Hun Manet Speaks at Asia-Europe University Graduation | The National Bank of Cambodia and Central Bank of Madagascar seal a partnership to enhance bilateral economic cooperation. | Minister of Health Delivers Lecture on Leadership and Innovation on "Methods of Critical Thinking – Part 2" | BREAKING: Takeo Provincial Court President Dismissed for Premature Release of Murder Convict | BREAKING: Samdech Hun Sen Announces Absence from Senate Plenary Session After Positive COVID-19 Test |
Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Cambodia's Future Leaders Celebrated as Prime Minister Hun Manet Speaks at Asia-Europe University Graduation | The National Bank of Cambodia and Central Bank of Madagascar seal a partnership to enhance bilateral economic cooperation. | Minister of Health Delivers Lecture on Leadership and Innovation on "Methods of Critical Thinking – Part 2" | BREAKING: Takeo Provincial Court President Dismissed for Premature Release of Murder Convict | BREAKING: Samdech Hun Sen Announces Absence from Senate Plenary Session After Positive COVID-19 Test |

KrisEnergy Accused of Smuggling Nearly 30,000 Barrels of Crude to Thailand

INTERNATIONAL: Singapore-based oil and gas exploration company, KrisEnergy Ltd., has allegedly smuggled 290,000 barrels of Cambodian crude oil to Thailand. Director General of Petroleum in the Ministry of Mines and Energy, Chiep Sour, has confirmed that a creditor of KrisEnergy was behind the smuggling. Cambodia has completely suspended crude oil production in the Gulf of Thailand following KrisEnergy’s bankruptcy declaration in June.

During Prime Minister Hun Sen’s address at the launch of child vaccinations on Sunday, he said that the first oil pumping operation in Cambodia has failed. He told the media at the Peace Palace that, “We plan to pump 5,700 barrels of oil per day. However, in the end, only 1,000 barrels per day. Now the company is bankrupt. Plus, the ship that has the oil ran away. It is already in Thailand. The Thai has lawyer already. Now it takes all the oil away. The oil is gone!”

Sour has also reported that before KrisEnergy declared bankruptcy, it pumped 290,000 barrels of oil from Block A and stored it on a ship that has now docked in Thailand. He says the government has filed a claim for the oil but the owner of the ship has asserted that KrisEnergy owes him money.

The Ministry of Mines and Energy is currently preparing legal proceedings against KrisEnergy. As of now, no other oil company has expressed an interest in pumping oil in Cambodia. Sour has reported that the kingdom still has many oil blocks, saying “The Cambodian mainland has about 20 blocks of oil which must be explored.”


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