Oil Processing In Cambodia Now
Thursday, March 29, 2007
Because oil and gas have been affecting to the standard of living in Cambodia, the Oxfam organization has been standing with the Cambodia government for providing advice on exploring oil and gas in the sea under ground. But the thing that the Oxfam worries is about the corruption between government and private company. Mr. Warwick Browne, East Asia program officer of Oxfam America said in the first conference in Oxfam office.
Mr.Warwick Browne added that the oil issue in Cambodia concerns international donors, so that the international donors whose aid propped up Cambodia for years fear that oil, pumping up to $4.6 billion into this country every year for next twenty years, could make things worse. Cambodia could be destroyed by the resource curse like in so many other developing countries. These countries with fragile state institutions have tome and again fallen victim to sluggish growth despite vast earnings, leaving the poor worse off, Nigeria grew slower than nationals which had no resource windfall. Today 70% of Nigerians live on less than $1 a day despite $450 billion in oil revenues in the past 35 years.
“The signs aren’t great,” said Mr. Warwick Browne. “But the future doesn’t have to be determined by past practices. If we look at the pass we’re worried, but if we look forward there are encouraging signs.”
According to the World Bank document, now US-based Chevron Company has explored four wells in Sihanoukville. Mr.Warwick Browne continued that though oil is found in Cambodia, the price of petroleum isn’t change much. If the price of petroleum is decreased the numbers of users are more and more. So the environment will be destroyed by the bad effect of petroleum. However, the Cambodia standard of living will be better when Cambodia has own well.
