Cambodia Set for Oil and Gas Development Bonanza

Cambodia Set for Oil and Gas Development Bonanza

BANGKOK, Thailand -- Cambodia is on the verge of attracting the attention of business news writers instead of the horror headlines that for so long marked reporting about the Southeast Asian country.

Instead of horrendous stories of the murderous and bizarre Khmer Rouge regime that bludgeoned the place back into the dark ages, the news out of Cambodia is set to focus on oil and gas production and refineries and port development.

It should be a time for happy anticipation by the international institutions and NGOs that have propped up the country for years. But instead there is trepidation that Cambodia's anticipated "black gold" bonanza from rich, as-yet-untapped, offshore undersea fields could plunge the fragile country of 13 million back into the despair of the 1990s.

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