[CHEC signed a contract with the Cambodian port project]On May 5, 2023, Kampot Logistics and Port Co., Ltd. and CHEC held a contract signing ceremony for the construction of a multi-functional port in Kampot Province at the Hyatt Hotel in Phnom Penh. It is understood that the multi-functional port project in Kampot Province is located in Bokor City, Kampot Province, covering an area of 600 hectares. It is invested by Kampot Logistics and Port Co., Ltd. with a total investment of about 1.5 billion US dollars. The type of contract is general contracting of design and construction, and the main contents of the project include reclamation of 40 hectares of land, revetments, breakwaters, dredging of navigable areas, reclamation and foundation treatment, and installation of navigational aids, etc. Edit/Ma Xue
The Zhangjialiang coal mine renovation project of Jizhong Energy Zhangkuang Group has officially started construction recently, shifting from the procedural stage to the substantive construction stage. The project started to revitalize the resources of deep 5-1 coal seam to 6-2 coal seam to ensure the continuity of coal mine capacity. The special team completed the approval of the safety facility design after three months, obtained the environmental impact assessment approval on June 26th, and obtained the construction record receipt on July 27th. The project will continue the open-pit mining process and advance from the western boundary of the third mining area. After production, it can activate coal resources and stabilize annual production capacity. After the completion of earthwork stripping, it is expected that coal can be extracted in mid October. Editor/Cheng Liting
Saudi Arabian National Oil Company released its financial report on August 4, 2026, showing a net profit of 32.7 billion US dollars in the second quarter of 2026, higher than the 22.7 billion US dollars in the same period last year and a year-on-year increase of 44%. According to the financial report, Saudi Aramco's average crude oil sales price in the second quarter was $108.1 per barrel, up 41% month on month and 62% year-on-year. Editor/Cheng Liting