HOW WORLD’S BIGGEST FOSSIL FUEL COMPANIES ‘PROFITED IN MYANMAR AFTER COUP’

On 1 February, the Guardian reported that, in the 2 years since a junta launched a coup, some of the world’s biggest oil and gas service companies continued to make millions of dollars from operations that have helped prop up the military regime.  Leaked Myanmar tax records and other reports appear to show that US, UK and Irish oil and gas field contractors – which provide essential drilling and other services to Myanmar’s gas field operators – have continued to make millions in profit in the country after the coup.  EU sanctions prohibit European companies from working on Myanmar’s oil and gas field projects, but the US and UK have not yet introduced similar measures and such work is not prohibited.

https://www.theguardian.com/world/2023/feb/01/myanmar-oil-gas-companies-profits-regime-coup

https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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