The Chinese government will provide a loan of $1.67 billion to finance Cambodia’s first oil refinery. Specifically, the state-controlled Exim Bank of China will lend Cambodian Petrochemical Company the funds to build the refinery, targeted for completion by 2018. Cambodia currently relies entirely on oil imports from its neighbouring countries. Last year, Cambodia imported 1.65 million metric tonnes of fuel from Vietnam, Thailand, and Singapore.
