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Myanmar Oil Veteran Rebuffs Suu Kyi as Shell, Chevron Weigh Bids

Author: Daniel Ten Kate, Bloomberg, Published on: 18 September 2012

The former head of Myanmar’s state- owned oil company defended it against criticism from...Aung San Suu Kyi as U.S. explorers scout the country’s oil and gas blocks...Myanma[r] Oil and Gas Enterprise [MOGE], is run by technocrats who reported to government ministers and had no authority to approve contracts, according to...a former...director of the organization...Suu Kyi in June urged governments to restrict partnerships with MOGE until it abides by international rules for transparency...Foreign companies must partner with MOGE to operate in the country...[A] Chevron shareholder who has pressed the company to disclose all payments to the Myanmar government, remains unconvinced that the country has changed for good...[He] said companies should urge authorities to release all detainees, strike peace agreements in areas with ethnic minorities and ensure free and fair national elections...[refers to CNOOC, ConocoPhillips, Shell, PTTEP, Petronas, ONGC, Videsh, CNPC, Daewoo]

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Related companies: Chevron China National Petroleum Corporation (CNPC) CNOOC (China National Offshore Oil Corporation) ConocoPhillips Daewoo Group Myanmar Oil & Gas Enterprise (MOGE) ONGC (Oil & Natural Gas Corporation) Petronas PTT PTT Exploration and Production (PTTEP, part of PTT) Shell Unocal (part of Chevron)