| Home
|
(IHT) - KUALA LUMPUR: Across Southeast Asia, benchmark crude oil prices near $70 a barrel have triggered fresh exploration and development activity in countries ranging from Indonesia, an original Opec exporter that is now a net importer after years of declining output, to Cambodia, which has never produced oil but may have huge offshore reserves. With countries like China, Japan, Korea and India on its doorstep, competing for supplies, the region is witnessing significant developments in exploration and production, including the opening of deeper-water exploration blocks in Malaysia and new fields in Indochina, the building of new pipeline infrastructure and the adoption of more investment-friendly tax and revenue-sharing rules, industry analysts say. Link |
