Chevron, Total to end business ties with Myanmar

Robert Besser
24 Jan 2022, 07:36 GMT+10

Two of the largest energy companies have announced that they are leaving Myanmar, citing human rights abuses and deteriorating rule of law since the February military coup.
Total said it will have left Myanmar within six months and Chevron gave no time line for what it described as a "planned and orderly transition that will lead to an exit from the country."
In the recent past, Chevron has condemned human rights abuses in Myanmar and said it would comply with international sanctions.

PARIS, France: Two of the largest energy companies have announced that they are leaving Myanmar, citing human rights abuses and deteriorating rule of law since the February military coup.

Total Energy and Chevron, two of the world's largest energy companies, have come under increasing pressure over their roles in running the offshore Yadana gas field, along with the state-owned Myanma Oil and Gas Enterprise and Thailand's PTT Exploration & Production.

Total operates the daily operations, while Myanma Oil and Gas collects revenues for the government.

Total said it will have left Myanmar within six months. Chevron gave no time line for what it described as a "planned and orderly transition that will lead to an exit from the country."

"The situation of rule of law and human rights in Myanmar has clearly deteriorated over months and despite the civil disobedience movements, the junta has kept power and our analysis is that it's unfortunately for the long term," Total said in a statement.

Speaking to the Associated Press on condition of anonymity, a former employee told The Associated Press, "For the employees who still work for Total, it's bad news even if they oppose the dictatorship or fight against the military. But for me, as an ordinary person and not as an employee, I will say it is great news." Total said it would receive no compensation on leaving Myanmar, and would hand over its interests to the other stakeholders.

In the recent past, Chevron has condemned human rights abuses in Myanmar and said it would comply with international sanctions.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Central Coast News.

More Information

13 ℃

Fair in Sydney

International

Section

UK, Lithuania boost defense cooperation to counter Russian aggression

LONDON, England: A joint declaration to boost defense and security collaboration was signed between Britain and Lithuania this week. London ...

In Tokyo, Biden supports Japan seeking seat on Security Council

TOKYO, Japan: U.S. President Joe Biden said this week that he supports calls for Japan to become a permanent member ...

Britain says arm Moldova to prepare for Russian invasion

LONDON, England: The UK's Telegraph newspaper has reported that Foreign Secretary Liz Truss has proposed that Britain send modern weaponry ...

More lockdowns in Shanghai for mandatory Covid testing

SHANGHAI, China: The central Shanghai district of Jingan, a key commercial area in China's financial hub, has announced that it ...

Polish president: Ukraine must decide its own future

KYIV, Ukraine: Andrzej Duda, President of Poland, told lawmakers in Kyiv this week that Ukraine has the right to decide ...

Nineteen kids, 2 adults confirmed dead in Texas school massacre

SAN ANTONIO, Texas (ANI/Big News Network): The death toll in the mass shooting incident at a school in Texas now ...

California

Section