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The economy of Cambodia is based on agriculture, tourism, and natural resources. In this emerging economy, Cambodia has promoted some major sectors in order to encourage foreign investment and to provide business opportunities. There is no doubt that compared to the economy as it was in the wake of the international financial crisis of several years ago, the Cambodian economy today is strongly rebounding. As recently forecasts, the macroeconomic indicators that demonstrate a robust growth, which is projected to be 6% and 6.5% for 2011 and 2012 respectively. With continued economic development in the Southeast Asia region, the need for energy attracts international oil companies to invest in the petroleum sector.

The Royal Government of Cambodia has been actively seeking to promote the country's petroleum resources with the objective of enhancing economic growth and providing opportunities for employment and participation in petroleum operations for Cambodian nationals and companies. The exploration and development of petroleum resources is expected to generate significant revenue and allow the country to continue to develop its infrastructure to form the basis of future economic growth.

As the key government agency to oversee the oil ans gas sector, the Cambodian National Petroleum Authority (CNPA) recognizes the strategic importance of the petroleum industry to Cambodia and is accordingly committed to ensuring that an effective process exists by which interested companies may be authorized to participate in any aspect of the petroleum industry. The CNPA is also authorized to conduct petroleum operations as Cambodia’s national petroleum company, although it has not yet adopted this role.