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Korean, Indian firms urged to withdraw from Myanmar

Author: Reuters, Published on: 11 July 2006

Myanmar activists urged a Korean-Indian consortium on Wednesday to quit an offshore gas project they fear could lead to human rights abuses and prop up the military junta with billions of dollars in royalties. Shwe Gas Movement...called on the venture led by Daewoo International to stop dealing with the junta until it ends more than 40 years of army diktat in the former Burma...Daewoo operates and owns 60 percent of the gigantic A-1 block while India's Oil and Natural Gas Corp has a 20 percent stake and marketing firm Gas Authority of India Ltd and Korea Gas Corp have 10 percent each...A Daewoo official said the consortium would not withdraw. "Our position is that it's not the right time to discuss a human rights abuse issue because we are still at a stage of exploring the gas field and have yet to begin development," the official said in Seoul. [also refers to Total, Unocal (part of Chevron)]

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Related companies: Chevron Daewoo International (part of Posco) GAIL (Gas Authority of India Ltd.) KOGAS (Korea Gas Corporation) ONGC (Oil & Natural Gas Corporation) Total Unocal (part of Chevron)