Cambodia expects to start its oil production in 2011, said Te Duong Dara, director general of the Cambodian National Petroleum Authority (CNPA) while attending an industry seminar here on Wednesday.
The optimistic prediction is based on the assumption that thereis not any unexpected delay in the whole process, he said, but didn't give more details.
Deputy Prime Minister Sok An also told the seminar that the oil industry in blueprint will be vital for the sustained economic growth of the country.
Foreign drillers are now searching for oil and natural gas in six blocks in off-sea Cambodia.
U.S. petroleum giant Chevron once claimed it had found the resource in wildcat wells, while other drillers still remained silent.
Experts used to put the potential reserves of oil in off-sea Cambodia at two billion barrels, but the Cambodian government usually appeared unsure of all the estimations.
Source: Xinhua
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