Total, Chevron Suspend Dividends to Myanmar Oil and Gas Firm

Advertisement
The international oil giants Total and Chevron have suspended some cash dividends to Myanmar’s state-owned oil and gas company MOGE, amid increasing pressure for Western oil and gas firms to cut their ties with the military government.
In a statement Wednesday, Total said that due to “the unstable context in Myanmar,” the two oil and gas majors made the decision to suspend cash payments to the pipeline company Moattama Gas Transportation Company Limited (MGTC), in which MOGE owns a 15 percent stake.
Total added that it “condemns the violence and human rights abuses occurring in Myanmar” and would comply with any Western sanctions imposed on the country. The U.S. firm Chevron expressed its support for the move in a separate statement Wednesday.

Related Keywords

Thailand ,France ,Washington ,United States ,French ,Patrick Pouyanne ,Yadanar Maung ,Moattama Gas Transportation Company Limited ,Chevron ,Business Council ,Myanmar Oil ,United Nations ,Gas Enterprise ,Chief Executive Patrick Pouyanne ,Economy ,Southeast Asia ,Myanmar ,Chevron In Myanmar ,Myanma Oil And Gas Enterprise Moge ,Myanmar Coup ,Myanmar Military ,Myanmar Oil And Gas ,Tatmadaw ,Total ,Yadana Gas Field ,தாய்லாந்து ,பிரான்ஸ் ,வாஷிங்டன் ,ஒன்றுபட்டது மாநிலங்களில் ,பிரஞ்சு ,செவ்ரான் ,வணிக சபை ,மியான்மர் எண்ணெய் ,ஒன்றுபட்டது நாடுகள் ,வாயு நிறுவன ,பொருளாதாரம் ,தென்கிழக்கு ஆசியா ,மியான்மர் ,மியான்மர் சதி ,மியான்மர் இராணுவம் ,மொத்தம் ,