Cambodia is finalizing a draft proposal on joint development with Thailand over disputed oil and gas-rich sea territory, according to the Cambodian National Petroleum Authority.
Members of the authority, the Conditional Petroleum Agreement Association consisting of six oil companies, and lawyers studied “a 200-page document” including the draft at a three-day workshop that ended Friday, the authority’s director-general Te Duong Tara said.
He did not elaborate on the contents of the draft and said it must be approved by Minister of the Council of Ministers Sok An before being submitted to Thai counterparts. The countries’ have argued about a 5,570-square-km block of the Gulf of Thailand for years.
