Myanmar crisis puts IOCs in a bind
Oil companies active in the country face difficult choices as pressure to disengage intensifies
IOCs are feeling the heat over their continued engagement in Myanmar, more than three months after a coup that ousted the country’s democratically elected government and triggered accusations over the alleged flow of oil and gas revenues to the military junta’s coffers. NGOs and activist groups have ramped up pressure for targeted sanctions against the junta and an additional targeted measure against state-owned Myanmar Oil & Gas Enterprise (MOGE). Myanmar's parallel civilian government called on France’s Total—operator of the offshore Yadana development with a 32pc stake—to halt all revenues going to MOGE. And human rights organisations have now called on companies to place revenue pay

Also in this section
3 July 2025
The July/August 2025 issue of Petroleum Economist is out now!
2 July 2025
The global energy community will converge in Dubai on 10 December for a landmark event dedicated to shaping the future of natural gas across the region
30 June 2025
Government is sending out the right policy signals to support increased domestic gas development, but policy takes time to implement and even longer to yield results
27 June 2025
Gas-on-gas competition pricing has grown its share of consumption significantly over the past two decades, primarily at the expense of oil-price-escalation pricing, according to the IGU