00:00Cambodia has started a United Nations conciliation process with Thailand over a long-standing maritime dispute
00:07after talks broke down over an area both sides said could hold around $300 billion in oil and gas.
00:16Nompent has now notified Thailand and the United Nations Secretary-General
00:19to begin the process under the UN Convention on the Law of the Sea, known as UNCLOS.
00:56The area could hold nearly 12 trillion cubic feet of natural gas and 700 million barrels of oil,
01:04with both countries putting the value of those resources at around $300 billion.
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