Will Cambodia’s oil drops be a curse or a blessing?

[geovalin]

As Cambodia has now received the first drops of the country’s offshore oil, government officials, scholars and ordinary Cambodians have expressed mixed reactions on how the oil revenues should be used and managed to avoid what is called the “oil curse”. Phay Siphan, spokesman for the Council of Ministers, said Cambodia would see a potential benefit from its oil revenues and thus people should not portray a negative scenario caused by the oil money.

 

“People have always said an oil drop is a curse,” he said. “But, for Cambodia, an oil drop is a blessing of what is a Cambodian heritage.” Siphan said oil exploration and operation was a partnership between the government and private companies and the revenues which will include tax and profits will benefit Cambodians as a whole.

 

“The revenues will be controlled by the Ministry of Economy and Finance,” he said. “Nobody will interfere into the control [of the oil revenues].” He said the International Monetary Fund and some other organisations would act as the Cambodian government’s advisors regarding the management of the oil revenues.

 

read more https://www.khmertimeskh.com/50805560/will-cambodias-oil-drops-be-a-curse-or-a-blessing/

[NotYourBusiness]

Finding oil is one of the best ways to get invaded.

[mrfill]

Just ask Norway

[TKDfella]

The US will aim for 'Green' it seems, while others go for 'black'. Must keep the balance up I suppose. ????