In THe NEws

TotalEnergies and Chevron are set to pull out of Myanmar’s main Yadana offshore gasfield, bowing to longstanding pressure from campaigners calling for them to cut off a leading revenue source for the country’s military junta.

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French oil giant TotalEnergies and U.S. energy firm Chevron on Friday announced plans to withdraw from Myanmar, citing the deteriorating humanitarian crisis in the Southeast Asian country following last year’s coup.

Riksrevisionen stöd till juntan i Myanmar går via ASEAN:s högsta revisionsorgan (ASEANSAI) och den internationella revisionsorganisationen INTOSAI (International Organization of Supreme Audit Institutions).

The US’s Chevron and France’s Total, two of the world’s largest oil producers, announced they would cease operations in Myanmar on Friday following almost a year of intense campaigning to shame the companies into ending their financial support for the junta.

မြန်မာနိုင်ငံတွင် စစ်တပ်က အာဏာသိမ်းပြီးနောက်ပိုင်း ဆိုးရွားလာသော အခြေအနေများကြောင့် အထင်ကရ ရေနံနှင့် သဘာဝဓာတ်ငွေ့ စီမံကိန်းကြီးနှစ်ခုမှ နုတ်ထွက်ရန် ဆုံးဖြတ်လိုက်ကြောင်း ပြင်သစ်ရေနံကုမ္ပဏီကြီး Total က ယနေ့ (ဇန်နဝါရီ ၂၁) ထုတ်ပြန်သည်။

Oil majors TotalEnergies (TTEF.PA) and Chevron Corp (CVX.N), partners in a major gas project in Myanmar, said on Friday they were withdrawing from the country, citing the worsening humanitarian situation following last year's coup.

France’s TotalEnergies has endorsed targeted sanctions on gas revenues in Myanmar, a shift that campaigners said could hit a significant source of funding for General Min Aung Hlaing’s military junta.

Lebanon's M1 Group will partner with a Myanmar firm to take over Norwegian telco Telenor's business in the Southeast Asian country after its military junta sought a local buyer, three sources familiar with the matter told Reuters.

Activists in Myanmar, the democratic government of which was recently overthrown in a military coup, have urged international accounting firms to cut ties with the country and the cadre of generals who now control it, Accounting Today reported.

Teak imports from Myanmar continue to flow into the U.S. despite sanctions on the state-owned Myanmar Timber Enterprise, Justice for Myanmar said in a recent report.