31 July 2009By U. Ch.
Cambodge Soir Hebdo
Translated from French by Tola Ek
Click here to read the article in French
According to Hang Chuon Naron, the general secretary of the ministry of Economy and Finance, Cambodia must focus on energy saving without relying on oil revenue.
The price of oil should continue to rise slightly in the upcoming months, Hang Chuon Naron told CTN on Friday 31 July.
When asked on the reason why the retail price of gasoline in Cambodia remains high while the price of oil dropped on the international market, Hang Chuon Naron indicated that the shipping delay and the gasoline stock quantity [in Cambodia] made it impossible for a faster change in gasoline price.
“Furthermore, the exchange rate and the fluctuation of the riel with respect to the US dollar also explain that the price of gasoline does not drop quickly,” he said.
In the future, the price of gasoline should increase slightly still “due to the growth of the US economy,” Hang Chun Naron added.
According to him also, it is unlikely that oil production in Cambodia will change the situation: “The first barrels of oil will not be produced until 2015 and these oil fields are not that important. They should bring in about $100 million per year, i.e. 14 times less than what the tourist industry brings in.”
Hang Chuon Naron added: “We must be realistic. People must save energy and they should use transportation means that use less gasoline.”
When asked about the reason why the retail price of gasoline is cheaper in neighboring countries, Hang Chuon Naron indicated that Thailand and Vietnam had subsidized this sector for a long time: “However, this policy reaches its limits. In Cambodia, the government choice is to help the population with public policy for construction, education and help provided to needy people.”
The price of oil should continue to rise slightly in the upcoming months, Hang Chuon Naron told CTN on Friday 31 July.
When asked on the reason why the retail price of gasoline in Cambodia remains high while the price of oil dropped on the international market, Hang Chuon Naron indicated that the shipping delay and the gasoline stock quantity [in Cambodia] made it impossible for a faster change in gasoline price.
“Furthermore, the exchange rate and the fluctuation of the riel with respect to the US dollar also explain that the price of gasoline does not drop quickly,” he said.
In the future, the price of gasoline should increase slightly still “due to the growth of the US economy,” Hang Chun Naron added.
According to him also, it is unlikely that oil production in Cambodia will change the situation: “The first barrels of oil will not be produced until 2015 and these oil fields are not that important. They should bring in about $100 million per year, i.e. 14 times less than what the tourist industry brings in.”
Hang Chuon Naron added: “We must be realistic. People must save energy and they should use transportation means that use less gasoline.”
When asked about the reason why the retail price of gasoline is cheaper in neighboring countries, Hang Chuon Naron indicated that Thailand and Vietnam had subsidized this sector for a long time: “However, this policy reaches its limits. In Cambodia, the government choice is to help the population with public policy for construction, education and help provided to needy people.”
3 comments:
DO MA AH SOKONG ,HO CHI MINH MOTHERFUCKERS!
Dear Mr Chuon,
There should be a people-oriented committee to check the change in oil price set by Cheveron, Total, Tela, and Sokimex. They may have colluded in price fixing and cheated the public especially the knowlegeable leaders. For example, when crude is up in NY or London, these oil firms increase price immediately, but when price is down in NY or London, they dont drop the oil price in paralel, but they even argue that last expensive oil is still in their warehouse. What crooked Cheveron, and TOTAL of the US and France!!! No role model of oil players in Khmer land!
CPP (COLLECTED PETROLEUM PARTY)
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