Four oil giants bet on Cambodia seeing potential in small market

Article Abstract:

Total S.A., Caltex Petroleum Corp., Petroliam Nasional Bhd. and Royal Dutch Shell will spend around $80 million to construct petroleum storage depots, refueling terminals and service stations in Phnom Penh and other cities in Cambodia. The companies are banking on the expected influx of cars and motorcycles in the country. Officials from the companies stressed that political stability will be essential to the success of their joint venture operations.

Investments, TOTAL S.A., Cambodia, Royal Dutch-Shell PLC, Petroliam Nasional Bhd., Caltex Petroleum Corp.

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Phillips is buoyed by prospects for bountiful oil reserves

Article Abstract:

Phillips Petroleum Co. is expected to post one of its best years ever for reserve replacement. This is partly due to their surprisingly strong oil discovery in Bohai Bay in China.

United States, Strategy & planning, Oil Products, Petroleum Refineries, Petroleum refining, Petroleum products, Phillips Petroleum Co., P

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Free Markets Spark Energy Sector

Article Abstract:

In an age of increasing global competition, oil hungry Asia will have to rely on the free marketplace, rather than government, to secure its energy supplies.

Asia, Energy economics

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