Ground broken for oil refinery
After years of delays and setbacks, the Cambodian firm set to operate the Kingdom’s landmark oil refinery finally broke ground on May 4 on a $1.62 billion project with an updated completion date set for the middle of 2019. The oil refinery, which will be built on 365 hectares across Kampot and Sihanoukville provinces, was first expected to be completed in 2014 after receiving full financial funding from the Export-Import Bank of China in December 2013. Developed by private firm Cambodia Petrochemical Company, the refinery plans did not move forward until May of last year when the company granted a $620 million first phase construction contract to the state-owned Chinese National Petroleum Company. Construction was then outsourced to China’s Sino Great Wall International Engineering Group.