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The U.S. Treasury Department said Tuesday it was imposing sanctions on Myanmar’s state-owned Myanma Oil and Gas Enterprise, a joint venture partner in all offshore gas projects and a vital source of hard cash for the military government. Canada also imposed sanctions against 39 individuals and 22 entities in coordination with the U.K. and the U.S. The sanctions are the latest the Western governments have imposed on Myanmar’s military regime, after the army seized power from the elected civilian government of Aung San Suu Kyi on Feb. 1, 2021. The Myanmar public and human rights groups had called for sanctions targeting gas revenues shortly after the army takeover. The European Union imposed sanctions against MOGE in February last year.

Persons: —, Tom Andrews, ”, Andrews, U.N, MOGE, Aung, Suu Kyi, “, ” Brian Nelson Organizations: The U.S . Treasury Department, Gas Enterprise, Treasury Department, U.S, ”, Treasury, MOGE, European Locations: BANGKOK, United States, United Kingdom, Canada, The U.S, Myanmar, U.S, Suu, Thailand, Japan, Malaysia, India, South Korea, China

We continue to encourage all countries to take tangible measures to halt the flow of arms, aviation fuel, and revenue to the military regime," U.S. Secretary of State Antony Blinken said in a separate statement. Canada imposed sanctions against 39 individuals and 22 entities for supporting Myanmar's military regime. The U.N. human rights expert for Myanmar in September called on the United States to further tighten sanctions on the country's military rulers to include the state oil and gas enterprise. Human rights advocates have repeatedly called for sanctions on MOGE, but Washington had so far held back. Myanmar military officials have played down the impact of sanctions.

Persons: Stringer, Washington, Antony Blinken, Brian Nelson, Simon Lewis, Daphne Psaledakis, Tim Gardner, Sarah Young, Ismail Shakil, Chizu Nomiyama, Rod Nickel Organizations: Army, Bank, REUTERS, Rights, Myanma, Gas Enterprise, U.S . Treasury Department, Reuters, Treasury, Financial, United Nations, Terrorism, Financial Intelligence, Chevron Corp, Chevron, Washington, Myanmar Foreign Trade Bank, Myanma Investment, Commercial Bank, Sky Royal Hero Company, General Staff, Myanmar's Army, Navy, Air Force, Thomson Locations: Yangon, Myanmar, United States, Washington, U.S, United Kingdom, Canada, Britain

☆ Chevron agrees to sell Myanmar assets and will exit country
▼ + stars: | 2023-02-11 | by ( Sabrina Valle | ) www.reuters.com time to read: +1 min

HOUSTON, Feb 10 (Reuters) - U.S. oil major Chevron Corp (CVX.N) on Friday said it had agreed to sell its assets in Myanmar to Canadian company MTI, in a deal that allows it to leave the Asian country. The agreement comes one year after Chevron and other oil companies decided to leave Myanmar following a military coup in 2021. French oil producer TotalEnergies sold its assets and left the country in July 2022. Myanmar' state-controlled oil company MOGE was part of the joint venture. Before putting its Yadana stake for sale, Chevron temporarily increased its participation in the project from 28% to 41%, absorbing an interest TotalEnergies.

[1/2] Myanmar's military parade to mark the 72nd Armed Forces Day in the capital Naypyitaw, Myanmar March 27, 2017. REUTERS/Soe Zeya Tun/File PhotoWASHINGTON, Jan 31 (Reuters) - The United States and its allies imposed further sanctions on Myanmar on Tuesday, marking the two-year anniversary of the coup with curbs on energy officials and members of the junta, among others. Washington imposed sanctions on the Union Election Commission, mining enterprises, energy officials and current and former military officials, according to a Treasury Department statement. It marks the first time the United States has targeted Myanma Oil and Gas Enterprise (MOGE) officials under the current Myanmar sanctions program, a Treasury spokesperson said. Washington also targeted former and current Myanmar military officials, the Treasury said, accusing the Air Force of continuing to launch air strikes using Russian-made aircraft against pro-democracy forces that have killed civilians.

[1/2] Myanmar's military parade to mark the 72nd Armed Forces Day in the capital Naypyitaw, Myanmar March 27, 2017. REUTERS/Soe Zeya Tun/File PhotoWASHINGTON, Jan 31 (Reuters) - The United States and its allies imposed further sanctions on Myanmar on Tuesday, marking the two-year anniversary of a military coup with curbs on energy officials and junta members, among others. Washington imposed sanctions on the Union Election Commission, mining enterprises and energy officials, among others, according to a Treasury Department statement. It marks the first time the United States has targeted Myanma Oil and Gas Enterprise (MOGE) officials under the current Myanmar sanctions program, a Treasury spokesperson said. Mining Enterprise No 1 and Mining Enterprise No 2, both state-owned enterprises, as well as the Union Election Commission, were also hit with sanctions by Washington.

☆ Emilian Galaicu-Păun, 22 octombrie 2020
▼ + stars: | 2020-10-26 | by ( ) moldova.europalibera.org time to read: +8 min

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