Myanmar: TotalEnergies Withdraws; Junta Gains
19 July 2022
Myanmar’s abusive junta will obtain an increased stake in the country’s largest oil and gas field when the French company TotalEnergies withdraws from Myanmar on July 20, 2022, Human Rights Watch said today. TotalEnergies’ shares will be divided proportionally among the remaining three partners – US-based Chevron, Thai-based PTTEP, and the junta-controlled Myanmar Oil and Gas Enterprise (MOGE).
TotalEnergies in January announced its plans to leave Myanmar in six months due to a deteriorating human rights situation that “no longer allows TotalEnergies to make a sufficiently positive contribution in the country.” The company has operated the Yadana gas project since the 1990s in partnership with Chevron and PTTEP.
“Total’s transfer of ownership shares to a military-controlled company will further enrich the junta at the expense of human rights,” said Bénédicte Jeannerod, France director at Human Rights Watch. “Other energy companies looking to exit should make sure they do so responsibly, without contributing to the junta’s coffers.”