Myanmar: Report identifies companies & investors that support the junta's oil & gas industry
"THE INTERNATIONAL OILFIELD SERVICES COMPANIES SUPPORTING THE MYANMAR JUNTA’S OIL AND GAS INDUSTRY" 1 February 2023
The junta has since murdered more than 2,900 people and arbitrarily arrested over 17,000 according to the Assistance Association for Political Prisoners, and is conducting indiscriminate air strikes and shelling across the country, killing at random, destroying property and displacing over 1.1 million people.
The oil and gas industry is the biggest source of foreign-currency revenue for the junta. Oil and gas revenue is used to purchase arms, jet fuel and other supplies needed for the junta's continuing commission of war crimes and crimes against humanity.
According to the junta’s own figures, Myanmar earned US$1.72 billion from gas exports in the six months to March 31, 2022 alone.
But gas revenue is clearly still flowing as operators continue business as usual in the junta’s oil and gas sector, against their international human rights responsibilities.
Worldwide calls for companies to stop bankrolling the Myanmar military have gained momentum with hundreds of thousands of people signing a petition and letter calling on oil gas companies to stop supporting the bloodbath in Myanmar.