BANGKOK — U.S. oil company Chevron has maintained a stake in a Myanmar offshore gas field run with a state-owned, sanctions-hit energy company despite announcing a deal to sell the interest in February.
A reason for the delay has not been disclosed, but the continued ownership in the Yadana natural gas project in the Andaman Sea indicates Chevron may have run into difficulties completing the transaction. It also clouds the timeline for the company’s withdrawal from Myanmar, which it announced in January 2022 after the military seized power the preceding year.
