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 Rio De Janeiro Sun.

More Information

18 ℃

Fair in Rio De Janeiro

South America

Section

Closed since start of Covid, Chile to reopen Easter Island to tourists

SANTIAGO, Chile: Easter Island, one of Chile's most important tourist attractions, will reopen to visitors on August 1, the government ...

Venezuelan president slams US for excluding countries from Americas Summit

Caracas [Venezuela], May 28 (ANI/Xinhua): Venezuelan President Nicolas Maduro on Friday condemned the United States for excluding Cuba, Nicaragua and ...