U.S. Ambassador admits Cambodian government s intent to properly develop extractive industries
The Cambodian government has showed its political will to properly manage the development of the kingdom's extractive industries, said United States Ambassador Joseph Mussomeli on Friday.
Leaders of the countries should have the political will to demand that the revenues from these extractive industries be used solely for the improvement of the country, said the ambassador at an international conference, in regard of recent reports that 700 million barrels of crude oil are estimated to lie off the coast of Cambodia.
"In his open and eloquent speech yesterday (Thursday), Prime Minister Hun Sen showed his intent to demonstrate just such political will," said Mussomeli at the 2007 Cambodia Economic Outlook Conference: Opportunities for Growth, Development and Shared Prosperity.
At the same conference on Thursday, Hun Sen said that the revenue from the recently confirmed discovery of oil reserves "will be directed to productive investment and poverty reduction."
Mussomeli also said that many officials within the government also "recognize and have been working to responsibly manage Cambodia's extractive industries."
Meanwhile, he reminded the Cambodia government to avoid the situation that "a small corrupt elite siphons off revenue that should go to improving the welfare of all the people."
In addition, the ambassador stated eight recommendations for the kingdom to properly manage the development of its extractive industries.
"First, we applaud the Cambodian government for considering the Extractive Industries Transparency Initiative (EITI) and we hope that Cambodia will soon become an EITI Implementing Country," he said.
The ambassador noted that the extractive industries, namely oil, gas and various types of mining, in the next three years could more than triple the annual revenue received by the Cambodian government, according to a press release from the U.S. Embassy.
Future oil revenues alone could provide over three times the kingdom's official development assistance received in 2005, said a U.N. Development Program study.
Source: Xinhua
The Cambodian government has showed its political will to properly manage the development of the kingdom's extractive industries, said United States Ambassador Joseph Mussomeli on Friday.
Leaders of the countries should have the political will to demand that the revenues from these extractive industries be used solely for the improvement of the country, said the ambassador at an international conference, in regard of recent reports that 700 million barrels of crude oil are estimated to lie off the coast of Cambodia.
"In his open and eloquent speech yesterday (Thursday), Prime Minister Hun Sen showed his intent to demonstrate just such political will," said Mussomeli at the 2007 Cambodia Economic Outlook Conference: Opportunities for Growth, Development and Shared Prosperity.
At the same conference on Thursday, Hun Sen said that the revenue from the recently confirmed discovery of oil reserves "will be directed to productive investment and poverty reduction."
Mussomeli also said that many officials within the government also "recognize and have been working to responsibly manage Cambodia's extractive industries."
Meanwhile, he reminded the Cambodia government to avoid the situation that "a small corrupt elite siphons off revenue that should go to improving the welfare of all the people."
In addition, the ambassador stated eight recommendations for the kingdom to properly manage the development of its extractive industries.
"First, we applaud the Cambodian government for considering the Extractive Industries Transparency Initiative (EITI) and we hope that Cambodia will soon become an EITI Implementing Country," he said.
The ambassador noted that the extractive industries, namely oil, gas and various types of mining, in the next three years could more than triple the annual revenue received by the Cambodian government, according to a press release from the U.S. Embassy.
Future oil revenues alone could provide over three times the kingdom's official development assistance received in 2005, said a U.N. Development Program study.
Source: Xinhua
16 comments:
KHMENG WAT KHNONG SROK
RIGHT CAMBODIA IS CAMBODIA AND WE PROUD TO THE PEOPLE OF CAMBODIA INSIDE CAMBODIA. WE DO NOT NEED LESSON FROM YOU UNCLE SAM.
JUST TAKE CARE YOUR DOGS AND OTHER ANIMALS IN YOUR CAGE AND FEED THEM WITH YOUR SHIT...
BETTER TO EDUCATE ALL YOUR ANIMALS TO BEHAVE AS DOMESTIC ANIMALS BECAUSE THEY ARE STILL BEAST FROM THE HELL. TAECH THEM HOW TO BEHAVE AS DOMESTIC ANIMALS IF THEY WANT A SNACK FROM UNCLE SAM. DESTROY ALL THESE MONSTERS OVERSEAS KHMER TRAITORS AND INFIDELS!
KHMENG WAT KHNONG SROK
The US should decide what it wants to do with the Cambodian oil and gas reserves.
If it wants to control them, like it does in Iraq and other parts of the world, it'd better shut up about corruption; just handing out aid is not enough.
Or it it setting Cambodia up as their next military target? After all their warship has just been to Cambodia, and God knows what it was up to.
24ii07
It is really embarrasing to hear such comment from kaun khmer who called himself KHMENG WAT KHNONG SROK. One would wonder, does this kid has parent? or what kind of upbringing did he has? why is he so hostile?what kind of environment is he in? what cambodia would look like if such behaviours were allowed to spread? it is so uncaring, so immoral, and so unkhmer.
He was bron from a tree! Dumb and stupis kids.
Plus Ah Khmeng Wat was made from Ah Khvack's shit that's why he is so sick, and Lop Lop, this fucking stupid dude has no brain at all. I think he must be living with dogs and cats under Wat see pee pee.
You know Ah Khmeng wat don't need any lesson from uncle Sam but he, and see pee see are so dying want, beg for $$$ from the world with or without interests. You should be shamed yourself, Amego mentally ill.
Khmeng Wat Knong Srok,
This is not a threat but rather a promise from me to you - when I get my hand on you, I will cut your prick off with my big cleaver knife [kombett PAING TAUR] and feed it to the Viet black dog.
[Ah khmeng wat knong srok - niss minn main jear peark kom hearm kom raing teh, taer p'tuy tov vinh vear jear peark soniya pi anh tov ah aing: perl anh jab ah aing barn anh nirng york kombett PANG TAUR roboss anh katt ka'dor ah aing auy chhk'aer khmao YUON si]
Damn, it's the copy/paste idiot
again.
Chevron,an american company should play a good corporation leadership in social developpement with the revenu it generate from the oil in Cambodia by spending all the benefit for the well being of the people directly and then avoid paying tax on the benefit to the corrupted government.
Fortune has saved the Khmer nation from extinction so many times in the past. Just a couple of episodes in its recetn history as an illustration: The French came while the Siamese and the Annamites had a joint suzereignty over it. It survived as an independent nation after the French departure - with the loss of Kampuvhea Krom. It faced yet another exstinction under the Khmer Rouge. Following its ideological and territorial conflict with the Khmer Rouge, Vietnam invaded Cambodia to oust the Khmer Rouge and install a quisling (puppet) government in Phnom Penh. The Cambodian nation faced extinction again. The international community intervened and the Khmer nation survived yet again as an independent country. It has had in between periods of peace - or relative peace, but it has failed to build itself to become a strong nation. At one time in the ealy 1970s a Cambodian scholar politician and diplomat listed the opportunities that the Khmer nation failed to seize during the peace time of the 1950s and 1960s.
Thanks to the international gurantee, democracy of a kind and massive aid, the Khmer nation is experiencing yet again a period of stability and peace. And now it is discovering oil and other mineral resources. Fortune smiles on this impoverished nation yet again -this time with a big smile.
It is yet another opportunity the Khmr nation must not fail to seize to build itself ti become a strong nation. But what it needs first and foremost is a vision. Where there is no vision, the people perish, says a proverb in the Christian Bible. What kind of society the Khmers want to build? What kind of common core values do they have to bind Khmers together? What kind of people that could build that kind of society bound together by that kind of common core values? Nothing is possible without men; nothing is lasting without institutions, says Jean Monet, a founder of the European Union. What kind of institutions do those leaders want to build? In the 1950s and 1960s Khmer leaders failed to build strong institutions. It was governed by the rule of men not by the rule of law. It simply collapsed with a change of leadership. The same with the Khmer Rouge under whose regime the Khmer nation was governed by the rule of men and gun.
Oil revenue should be utilised to build up and consolidate a system of values and the institutions of the rule of law starting off with the criminal justice. Oil revenue must be utilised for sustainable development, turning Khmers into free, well-educated, skilled, responsible and enterprising citizens; rivers, lakes and sea waters into a giant fish pond; seaboard into industrial areas; Kompong Cham into an international commercial and industrrial centres; etc...
Above all the Khmer nation must not turn its oil into wisky to drink away and get drunk day and night.
LAO Mong Hay, Hong Kong.
Above all the Khmer nation must
not turn its oil into wisky to
drink away and get drunk day and
night.
Well then, we need to deport
the drunken KK bumps back to
Vietnam immediately. Otherwise,
Cambodia will be full of sex,
pornographies, drugs, ..., and be
back to a begging State in no time.
Good post LAO Mong Hay.
I just hope the CPP does not take another decade to consider the Extractive Industries Transparency Initiative (EITI) like they did with the Anti-Corrpution Law.
As soon as oil discovered in Cambodia, the US embassy is kissing up to the CPP.
Is the US Hanoi Puppet yet?
Unlike England which, in the past, taught nations how to live, the US is teaching them how to serve its interests.
LAO Mong Hay, Hong Kong
KHMENG WAT KHNONG SROK:
BELIEVE OR NOT. YOU ARE SPEAKING ON YOUR BEHALF NOT FOR MAJORITY OF CAMBODIANS.
ARE YOU HONESTLY DARE TO SPEAK THE TRUTH NOTHING BUT THE TRUTH. SO SPEAK LIKE A MAN. CAN YOU TAKE AN OATH TO SAY THAT YOU SPEAK FOR THE TRUTH AND MAJORITY OF CAMBODIANS FOLLOW YOU STEP.
JUST UP TO 31 DECEMBER OF 2006, THERE ARE 35680 GREENCARD LOTTERY APPLICATIONS FROM CAMBODIA RECEIVED BY THE US STATE DEPARTMENT AND ONLY 176 APPLICANTS FROM CAMBODIA WILL BE GIVEN VISA. WITH ONLY 50000 APPLICANTS FOR 64 COUNTRIES WILL BE CHOSEN. THE NUMBER CAN TELL YOU. KHMENG WAT.
YOU CAN CONTINUE TO DENY AND PRETEND THIS AND THAT OR SPEAK LOUDER OF YOUR DEFAULTED PATRIOTISM. I COULD SEE THE TRUE HEART FEELING AND INSIDE YOUR LIVER AND YOUR GUT.
ONE THING, IF YOU HATE SO MUCH ABOUT US, STOP USING OUR CURRENCY AND USE ONLY YOUR KHMER REIL FOR BUSINESSES TRANSACTIONS AND TELL YOUR BOSS TO STOP ASKING FOR MONEY FROM UNCLE SAM.
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