Cambodia Willing To Re-Start a Negotiation With Thailand On Oil Reserves

Note: The "overlapping areas" in the oil-rich seabed off the coast of Sihanoukville are locating inside the Cambodian maritime borders. In a sense, if Cambodia agree to share 50% of oil and gas revenue with Thailand then it's like Cambodia is giving half of its oil and gases to Thailand.

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29th March 2008
By Kesor Ranniya
Radio Free Asia
Translated from Khmer by Khmerization

Cambodia is willing to re-start the negotiation with Thailand regarding the sharing of seabed energy reserves as well as the disputed maritime borders between the two countries where there are huge oil reserves.
Mr Te Duong Dara, Secretary General of the Petroleum Authority of Cambodia told reporters on Friday that the negotiation can be re-started in the middle of April.
He stressed that Cambodia is seeking the agreements for the equal share of oil revenue of 50% each between the two sides but the Thai side has requested for more share than the Cambodian side.
The disagreements between Cambodia and Thailand have dragged on since 1995, and that including the disagreements regarding the sharing of natural oil and gases in the seabed within the overlapping areas of the Gulf of Thailand.
The leaders of the two countries failed to reach any agreements at their formal meeting during the visit of former Thai Prime Minister Thaksin Shinawatra to Cambodia in 2006. //