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Myanmar: Thai State-Owned Company Funds Junta

Myanmar: Thai State-Owned Company Funds Junta
Oil and Gas Firm PTT Should Cut Ties with Military Enterprises, Abusive Cronies
Anti-coup protesters run from teargas deployed by the police during a demonstration in Yangon, Myanmar, March 1, 2021.
© 2021 Sipa USA via AP Images
(Bangkok) – Thailand’s majority state-owned oil and gas company, PTT, is partnering with military-linked companies to expand its engagement in Myanmar, Human Rights Watch said today. This growth comes on top of the half a billion dollars PTT already pays annually to junta-controlled enterprises through its existing operations in Myanmar’s gas fields.
A 2019 PTT joint venture is paying the military conglomerate Myanmar Economic Corporation (MEC) nearly US$1 million in annual rent for the construction of a fuel terminal on land seized from farmers. The United States, United Kingdom, European Union, and Canada have sanctioned MEC and the other military ....

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Thai state-owned firm funds Myanmar military enterprises

Thai state-owned firm funds Myanmar military enterprises
Tue, May 25 2021 01:45:04 PM
By Anwesha Bhaumik
Kolkata, May 25 (IANS): Thailands majority state-owned oil and gas company, PTT, is partnering with military-linked companies to expand its engagement in Myanmar, a corporate source in a Burmese hydrocarbon company disclosed to IANS.
This expansion comes on top of the half a billion dollars PTT already pays annually to junta-controlled enterprises through its existing operations in Myanmar s gas fields, the source said on the condition of anonymity.
A 2019 PTT joint venture is paying the military conglomerate Myanmar Economic Corporation (MEC) nearly $1 million in annual rent for the construction of a fuel terminal on land seized from farmers. ....

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