Phnom Penh has hosted Cambodia Mining, Oil and Gas Outlook 2019 and Beyond as platform to discuss the maximisation of the use of the resources.
As a series of the Extractive Industry Governance Forum (EIGF), the dialogue taking place yesterday was organised by Oxfam in cooperation with other 13 civil society organisations.
Key participants are relevant government delegates and representatives of registered oil and gas mining companies to operate in Cambodia.
Representing Ministry of Mines and Energy, Secretary of State H.E. Meng Saktheara urged for a productive dialogue to promote sustainable development with extractive industry.
Being able to materialise such benefits, all mining projects must at least ensure that the country can achieve three things: Optimise size and scale of national fiscal collections, Improved livelihood of local communities nearby industry sites, and Sustained quality of natural environment and public welfare, he said.
It would require a serious sector reform and a meaningful inclusive approach of governance to achieve such dream. EIGF is keystone to create such governance, added the secretary of state.
Ms. Lim Solinn, Country Director of Oxfam in Cambodia, was positive that The forum offers space for meaningful dialogues between communities, regulators, operators and other interested stakeholders on responsible investment in extractive sectors.
Secrecy breeds distrust. Transparency is key to manage stakeholders and public expectations which is key to success, she underscored.
Source: Agency Kampuchea Press