A tanker company says it is concerned over its arrested crew’s human rights as Cambodia pursues the return of some 300,000 barrels of allegedly stolen crude oil, but the government said the matters will simply “take their legal course” and are “neither political nor commercial.”
In a long-planned ceremony, Defense Minister Tea Banh presented Cambodia’s first drop of oil, extracted from deep under the sea at the country’s offshore Apsara oil field, less than a week after the company behind the project announced liquidation amid financial woes.
KrisEnergy announced that it has filed a “winding up” petition just six months after producing Cambodia’s first drops of oil, citing low production in Cambodia’s beleaguered Apsara block and the company’s compounding debt.
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