Cambodia plans to build its first oil refinery within the next three years

/ March 6, 2026


News Highlights

Cambodia plans to build its first oil refinery within the next three years Minister of Mines and Energy Keo Rottanak announced that Cambodia aims to establish its first oil refinery within three years to bolster energy security. Currently, the nation relies entirely on refined imports like gasoline and diesel due to a lack of domestic processing and crude storage facilities. While previous attempts were stalled by high costs and a small market, Cambodia's rapid economic growth and rising fuel demand now justify the multi-billion-dollar investment. The government is negotiating with investors to build the facility, which analysts believe will stabilize supply, reduce transport costs, and spur petrochemical infrastructure. This move follows Cambodia's earlier efforts in offshore oil production and represents a major step toward national energy independence and a reshaped regional supply chain role. (Source: Khmer Times)

Rice exports rise 83% YoY during the first two months of the year Cambodia's milled rice exports surged by 83% YoY in the first two months of 2026, reaching 247,822 tonnes valued at $142 million. According to the Cambodia Rice Federation (CRF), this growth was fueled by government emergency funds that assisted millers in purchasing paddy during the harvest. ASEAN countries emerged as the largest collective buyers, while Europe and China remained critical individual markets. Fragrant rice continues to dominate the export share at nearly 60%. Additionally, Cambodia exported 873,880 tonnes of paddy rice, primarily to Vietnam, worth $196 million. The CRF attributed these record-breaking figures to enhanced cooperation between the government and exporters, aiming to lower production costs and expand direct access to international markets. (Source: Khmer Times)

Sabay Cinema of Cambodia acquires Major Cineplex Cambodian entertainment has entered a new era with the official launch of Sabay Cinema, following Sabay Digital Group's acquisition of Major Cineplex's local operations. This transition places all six theater locations and bowling alleys under full Cambodian ownership. As part of the rebranding, the Blue-O bowling brand is now Sabay Rhythm & Bowl, emphasizing a modern, integrated lifestyle experience. Beyond screenings, Sabay plans to modernize facilities with IMAX Laser and ScreenX technology while transforming venues into community hubs featuring co-working spaces and cafes for young filmmakers. This strategic takeover aims to strengthen the national cultural industry and ensure sustainable growth through local leadership, independent management, and enhanced digital ticketing systems. (Source: Khmer Times)

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