Eric Watkins
Senior Correspondent
LOS ANGELES, May 12 -- The Cambodian National Petroleum Authority and Japan's Mitsui & Co. plan to establish an refinery-construction joint venture called Cambodia Project Planning Development Management.
Mitsui will take a 60% stake in the venture, with the rest held by the CNPA.
Mitsui holds a 30% stake in Cambodia's offshore Block A in conjunction with operator Chevron Overseas Petroleum (Cambodia) Ltd., which holds 70%.
Contact Eric Watkins at [email protected].
