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Cambodia imports 471,000 tons of oil in Q1…hear Minister Cham report

PHNOM PENH, April 21 (Xinhua) — Cambodia has imported 471,000 tons of petroleum in the first quarter of this year, a 25.5% rise from 375,290 tons in the same period last year, showed the reports of the Commerce Ministry on Saturday.

From January to March this year, the country spent about 469 million U.S. dollars in purchasing the petroleum, up 50% from 312.5 million U.S. dollars in the same period last year, it said.

Cambodia’s oil demand has significantly surged in recent years because of the growing extent of economy and the increasing number of vehicles.

In 2011, the country imported 1.46 million tons of petroleum, spending about 1.38 billion U.S. dollars. The government estimates that the demand will jump to 3 or 4 million tons a year in coming years.

Currently, this Southeast Asian nation has totally purchased petroleum from Vietnam, Singapore and Thailand as its seabed’s oil and gas have not been exploited.

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