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EU sanctions Myanmar oil firm for providing resources to junta

EU sanctions Myanmar oil firm for providing resources to junta

While some companies are leaving the country after the coup, Thailand’s PTT is planning to step up engagement

The Zawtika project in the Gulf of Moattama, Myanmar, operated by Thailand’s PTTEP International Limited and co-owned by Myanma Oil and Gas Enterprise (MOGE). The EU has sanctioned MOGE for providing Myanmar’s military junta with “substantive resources”, while PTT is planning to step up engagement in the neighbouring country. (File photo supplied)

The European Union imposed fresh sanctions against Myanmar’s military regime, focusing on a lucrative state-owned oil and gas company that has been a key source of revenue for the junta more than a year after the coup – and a partner…

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