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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.