by The Times-Picayune Friday March 13, 2009,
A delegation from the Cambodian National Petroleum Authority is in New Orleans this weekend meeting with representatives from the local energy industry and preparing for its own foray into oil and gas production.
Oil was discovered off the coast of Cambodia several years ago, but the country has yet to begin active energy production. The purpose of the delegation's two-week trip, which includes stops in Washington, D.C., New Orleans and Houston, is to learn more about the industry Cambodia hopes to break into.
Ho Vichit, vice chairman of the Cambodian petroleum authority, said it's too soon to predict when his country will begin production. Still, he said, "Cambodians are ready to begin oil production."
The development of an energy industry would boost the impoverished Cambodian economy by generating income and encouraging infrastructure development, said Kem Reat Viseth, an advisor to Cambodia's Deputy Prime Minister. It would also stimulate reforms in the country's educational system.
Though the price of oil has declined after hitting all-time highs last year, the delegates said Cambodia remains committed to pursuing energy exploration.
After spending the earlier part of the week in Washington, D.C., the twelve-member delegation arrived in New Orleans on Thursday for a reception at the World Trade Center. The group is spending today at the Morgan City facility of McDermott International, Inc, an energy services company, and leaves for Houston on Monday.
Ho Vichit, vice chairman of the Cambodian petroleum authority, said it's too soon to predict when his country will begin production. Still, he said, "Cambodians are ready to begin oil production."
The development of an energy industry would boost the impoverished Cambodian economy by generating income and encouraging infrastructure development, said Kem Reat Viseth, an advisor to Cambodia's Deputy Prime Minister. It would also stimulate reforms in the country's educational system.
Though the price of oil has declined after hitting all-time highs last year, the delegates said Cambodia remains committed to pursuing energy exploration.
After spending the earlier part of the week in Washington, D.C., the twelve-member delegation arrived in New Orleans on Thursday for a reception at the World Trade Center. The group is spending today at the Morgan City facility of McDermott International, Inc, an energy services company, and leaves for Houston on Monday.
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