Editing Economy of Cambodia (section)

=== Resources ===
{{Further|Natural resources of Cambodia|Mineral industry in Cambodia}}
[[Petroleum seep|Oil seeps]] were discovered in Cambodia as early as the 1950s by Russian and Chinese geologists. Development of the industry was delayed, however, by the [[Vietnam War|Vietnam]] and [[Cambodian Civil War]]s and the political uncertainty that followed. Further discoveries of oil and natural gas deposits offshore in the early 2000s led to renewed domestic and international interest in Cambodia's production possibilities. As of 2013, the US company [[Chevron Corporation|Chevron]], Japanese [[Japan Oil, Gas and Metals National Corporation|JOGMEC]] and other international companies maintained production sites both on shore and off. Chevron alone had invested over US$160 million and drilled 18 wells.<ref>{{Cite web|url=http://www.regionalgeography.org/cambodia2012/2013/02/10/oil-and-natural-gas-race/|archiveurl=https://web.archive.org/web/20140108065720/http://www.regionalgeography.org/cambodia2012/2013/02/10/oil-and-natural-gas-race/|url-status=dead|title="Oil and Natural Gas Race"|archivedate=January 8, 2014}}</ref>

Sok Khavan, acting director general of the Cambodian National Petroleum Authority, estimated that once the contracts are finalized and legal issues resolved, the Cambodian government will receive approximately 70% of the revenues, contributing to an economy in which the GDP is projected to increase five-fold by 2030.<ref name=UPI>{{cite news|title=Cambodia gears for offshore drilling|url=http://www.upi.com/Business_News/Energy-Resources/2012/09/27/Cambodia-gears-for-offshore-drilling/UPI-86021348765641/|access-date=8 January 2014|newspaper=UPI|date=27 September 2012}}</ref> In addition, there are 10,000 square miles offshore in the [[Gulf of Thailand]] that holds potential reserves of 12-14 trillion cubic feet of natural gas and an unspecified amount of oil.<ref name=UPI /> The rights to this territory are currently a subject of dispute between Cambodia and Thailand, further delaying any possible production developments. In early 2013 it was reported that the two countries were close to a deal that would allow joint production to begin.<ref>{{cite news|title=The struggle between Thailand and Cambodia over oil and gas resources|date=17 September 2010|agency=CLC Asia  |url=http://www.clc-asia.com/the-struggle-between-thailand-and-cambodia-over-oil-and-gas-resources-2/|access-date=29 December 2013}}</ref><ref>{{cite news|title=Cambodia Aims for Offshore Production Next Year|author=Jacob Gronholt-Pedersen |date=26 September 2012|agency=The Wall Street Journal  |url=https://www.wsj.com/news/articles/SB10000872396390443507204578020023711640726|access-date=29 December 2013}}</ref>