he said Tarell Basham Colts Jersey

Zhuyeqing

PHNOM PENH Marlon Mack Colts Jersey , Aug. 23 (Xinhua) -- Singapore-based oil and gas company KrisEnergy signed a long-awaited production- sharing agreement with the Cambodian government on Wednesday for the first-ever extraction of petroleum from Block A in Cambodian territorial waters.

The deal was inked here between KrisEnergy's chief operating officer Kelvin Tang and Cambodian Industry, Mines and Energy Minister Suy Sem and Economy and Finance Minister Aun Pornmoniroth.

KrisEnergy holds a 95 percent stake in the 3,083-sq-km offshore block, and the Cambodian government owns the remaining 5 percent.

Kelvin Tang said the agreement was a significant milestone for Cambodia in its long journey to become an oil-producing nation.

"This is a major step. It is Cambodia's first oil field," he said after the signing ceremony.

"Shortly after the signing, we will declare final investment decision and proceed to deliver 1st oil in 24 month -- sometime in 2019," he said Tarell Basham Colts Jersey , denying to disclose the investment cost for the project.

Suy Sem said the agreement was the crucial commencement towards first crude oil production from offshore Cambodia.

"It is estimated that Phase 1A and Phase 1B (of the stage one of Block A) will provide more than 30 million barrels over the period of nine years, and it is sufficient commercially to make Cambodia become an oil producing country in the future," he said.

"The development of Block A is also a catalyst to more intense exploration works in another five offshore and 18 onshore blocks," he said.

The minister said the oil business would be a major new impetus for social advancement, human resource development, building Cambodia's competitive capacity, and growth of domestic production and service chains.

He added that the ministry was working hard to push forward the finalization of Law on Petroleum Sector Management and other regulations to ensure investment atmosphere and clarity in the private sector investment.

According to Aun Pornmoniroth Quincy Wilson Colts Jersey , the petroleum agreement was first signed between the Cambodian government and U.S. oil giant Chevron in 2002. Later on, KrisEnergy gradually increased its share in 2011, 2014 and 2016, respectively to become the main operator with 95 percent share.

"Today's signing of agreement is just the starting point of a very long journey which requires participation from all related parties to realize the production of first oil drop in Cambodia," he said, promising to provide necessary support to KrisEnergy.

Currently, Cambodia totally imports petroleum from Vietnam Malik Hooker Colts Jersey , Singapore and Thailand as its seabed's oil and gas have not yet been extracted.

Cambodia spent nearly 1 billion U.S. dollars to buy 2.55 million tons of oil in 2015, according to government figures.

In May, private firm Cambodia Petrochemical Company broke ground for Cambodia's first oil refinery in southwestern Preah Sihanouk province.

When the first phase of the project is completed in mid-2019, the 620-million-U.S.-dollar plant is expected to have an annual refining capacity of 2 million tons of crude oil per year.

Time-lapse photo shows Typhoon Hato's impact in S China's Shenzhen

Video: preview of 2017 World Robot Conference

Wildfire re-erupts in central Georgia

Rescuers race against time on Italy's Ischia Island, after quake kills two

At least 2 died, 8 injured in knife attack in Turku, Finland

13 killed T.Y. Hilton Colts Jersey , over 100 others injured in Barcelona attack: official

Over 400 killed in mudslides in Sierra Leone

Qiandaohu Lake in China's Zhejiang under stricter protection
Stjarnan Gardabaer VS Shamrock Rovers
Match Time锛?302017 03:15 Friday (GMT+8)
---
INTRO:
Stjarnan (Ice) will face Shamrock Rovers (Irl) in Europe: Europa League - Qualification - 18 finals (1st leg.)
Venue: Samsung völlurinn, Gareabær
Capacity: 2300
Weather conditions: Cloudy, 12 Celsius

UMF Stjarnan: Bad shape in last 4 matches (Recent Form: DLLLW in all competitions)
Hosts are a very solid team with bad results and last time. In any case, they will try to return to the winning track in this match. Anyway, they have been without a win in the last 4 games in the Iceland First Division. In any case, they will try to offer strong resistance. They are an experienced team. However, they are currently ranked 3rd in 4th place Andrew Luck Colts Jersey , 2 draws and 3 defeats with a goal difference of 19:14 in the new season and Iceland Pepsideild. On the other hand, they have 2 wins, 1 draw and 1 defeat with a goal difference of 10: 5 in the last 4 games at home. Otherwise, their coach, he would count on average team.
Player to watch: Hilmar Halldórsson (3 goals)
Probable lin-ups: 25 Johanneson, 12 Aegisson, 17 Finsen Nyheim Hines Colts Jersey , 19 Fridjonson, 2 Gudjonson, 10 Halldorsson, 29 Hauksson, 3 Josefsson, 9 Laxdal, 4 Laxdal and 8 Sigurdsson.

Shamrock Rovers FC: 4 Matches without a Loss (Recent Form: WWDWL)
Visitors are a very solid team in Ireland Premier Division. In any case Tyquan Lewis Colts Jersey , they have a chance in this game. They are in good shape in last time. In any case, they will try to pick up at least one point. Of course, they will try to score at least one goal. Otherwise, they are currently 4th with 10 wins. On the other hand, they have 2 wins and 3 losses with a goal difference of 7:11 in the last five games on the road. Otherwise, their coach Bradley can count on a solid team.
Player to watch: Shaw (5 goals)
Probable line-ups: 1 Chencinski, 17 Madden Kemoko Turay Colts Jersey , 6 Lopes, 4 Webster, 3 Byrne, 10 Miele, 8 Finn, 7 Connolly, 20 Clarke Braden Smith Colts Jersey , 9 O'Connor and 14 Shaw.

NOWGOAL BETTING VERDICT:
After all, this will be a very exciting match. Hosts will try to show their skills. However, they have a weak shape. On the other hand, visitors are a solid team. They will try to stay indefinitely in this gam. Wholesale Authentic Jerseys   Wholesale Jerseys From China   Wholesale College Womens Jerseys   Wholesale Soccer Jerseys   Wholesale NHL Jerseys From China   Wholesale NBA Jerseys From China   Wholesale Authentic MLB Jerseys   Wholesale Authentic NFL Jerseys   Cheap Air Vapormax Off White   Cheap Air Vapormax