Cambodia Sudden As tensions escalate between two Southeast Asian countries Border disputes.
In a Facebook post on Sunday, Cambodian Prime Minister Hun Manet wrote: “All fuel and gas imported from Thailand will be stopped.” He added that Cambodian energy companies will be able to import enough fuel from other sources.
A few days ago, Hun Sen, the father of the Hun Manet, made the government stop importing canned food and Thai alcohol. In the same Khmer Facebook post translated by local media Khmer erashe is late It also claimed that a Thai opposition party wanted to ban the export of fuel to Cambodia and suggested that such a move would harm Thai national oil company PTT, far more than harm Cambodia.
PTT, No. 2 Southeast Asia 500is the largest energy company in Thailand. Other major Thai energy companies are Bangchak (No. 17) and Susco (No. 281), which are also exported to Cambodia.
Nevertheless, it is not clear that Cambodia’s combined fuel export losses will harm Thai energy companies. According to local media, Thailand exported 2.3 billion liters of fuel to Cambodia last year and quoted government data. This accounts for 20% of Thailand’s total fuel exports and is worth about 48 billion Thai baht (USD 1.5 billion).
By comparison, PTT generated $87.6 billion in revenue last year and its maximum The overseas market is Singapore, followed by the United Kingdom, the United States and Malaysia. Cambodia is PTT’s seventh largest overseas market.
A growing crisis
Relations between Thailand and Cambodia have deteriorated since late May, when troops from both countries exchanged fires on the disputed border. A Cambodian soldier died in the incident.
The subsequent negotiations did not reduce the situation. This situation even puts the Thai Alliance government in danger Leaked phone During the call between Thai Prime Minister Paetontarn Shinawatra and Hun Senators, Paetontarn urged Hun Sen not to listen to the “other side” of Thailand, including the outspoken Thai general. (Thailand’s military has important political influence and in 2006, former Prime Minister Thaksin Shinawatra, who was the father of Petenthal.)
Leaked phone Lead One of Paetongtarn’s political partners, the Bhumjaithai party, left her coalition, giving the prime minister a majority in the country’s parliament. She has since apologized for her words on the phone, calling it a negotiation strategy.
Since then, Thailand has escalated its pressure on Cambodia. The country restricts its transit to Cambodia and only travel is allowed. This country is also stop Can be used in so-called cargo exports, such as fuel and electricity Scam Center in Cambodia.
Thailand’s stock market has been falling since the beginning of the political crisis. The index tracks companies listed on the Thai Stock Exchange, down more than 20% this year, worse than during the Covid pandemic in 2020 and 2021.
