Kuwait's Prime Minister Sheikh Nasser al-Mohammad al-Sabah waves upon his arrival at Phnom Penh international airport August 3, 2008. Sheikh Nasser is in Cambodia on a three-day official visit.REUTERS/Chor Sokunthea (CAMBODIA)Zawya
PHNOM PENH, Aug 3, 2008 (AFP) - Kuwait's Prime Minister Sheikh Nasser Mohammed al-Ahmed al-Sabah arrived Sunday for trade talks in Phnom Penh, where he was expected to discuss Cambodia's fledgling oil and gas industry.
The Kuwaiti premier and Cambodian Prime Minister Hun Sen will on Monday sign agreements on trade and investment, Cambodian Foreign Minister Hor Namhong said, while energy cooperation will also top the agenda.
"During the talk, we will raise oil exploration cooperation ... cooperation in the oil and gas sector," Hor Namhong told reporters at the airport, where about 600 onlookers waved Kuwaiti flags in light rain.
Hor Namhong added that he hoped the visit would bring "fruitful" cooperation between Cambodia and oil-rich Kuwait.
Cambodia expects to begin oil production of its offshore fields in 2011, following the discovery of oil in 2005 by US energy giant Chevron.
Cambodia was quickly feted as the region's next potential petro-state, sitting on an estimated hundreds of millions of barrels of crude, and three times as much natural gas in six blocks located off its coast.
But it remains unclear how much of the black gold can be recovered, or whether any potential revenue would be used to benefit Cambodia, ranked among the world's most corrupt countries.
PHNOM PENH, Aug 3, 2008 (AFP) - Kuwait's Prime Minister Sheikh Nasser Mohammed al-Ahmed al-Sabah arrived Sunday for trade talks in Phnom Penh, where he was expected to discuss Cambodia's fledgling oil and gas industry.
The Kuwaiti premier and Cambodian Prime Minister Hun Sen will on Monday sign agreements on trade and investment, Cambodian Foreign Minister Hor Namhong said, while energy cooperation will also top the agenda.
"During the talk, we will raise oil exploration cooperation ... cooperation in the oil and gas sector," Hor Namhong told reporters at the airport, where about 600 onlookers waved Kuwaiti flags in light rain.
Hor Namhong added that he hoped the visit would bring "fruitful" cooperation between Cambodia and oil-rich Kuwait.
Cambodia expects to begin oil production of its offshore fields in 2011, following the discovery of oil in 2005 by US energy giant Chevron.
Cambodia was quickly feted as the region's next potential petro-state, sitting on an estimated hundreds of millions of barrels of crude, and three times as much natural gas in six blocks located off its coast.
But it remains unclear how much of the black gold can be recovered, or whether any potential revenue would be used to benefit Cambodia, ranked among the world's most corrupt countries.
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