While Cambodia has aspired to draw its first oil since deposits were discovered off the coast in 2004, an oil field licensee has missed another production deadline and now faces a global slowdown in oil and gas exploration.
Prime Minister Hun Sen warned on Thursday that the country could face electricity shortages over more than six months, with blackouts similar to those that afflicted the country earlier this year.
Cambodia is set to significantly expand its current power capacity in a $5 billion, 30-year deal to tap into coal-fired generators in Laos.
Canadian company Angkor Gold received approval to explore a 7,300 square kilometer onshore block in the southeast for oil and gas, it said in a news release this week.
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