SANCTIONS: U.S. OPENS INVESTMENT IN MYANMAR OIL AND GAS, OVER SUU KYIS ADVICECarey L. Biron
Restricting dealings with military-dominated conglomerates including Myanmar Economic Corp., Myanmar Economic Holdings Ltd. and Myanmar Oil and Gas Enterprise might also pack more punch, with a minimal impact on small, private companies and individuals. One idea gaining support is to prevent the junta...
States should impose sanctions on the Myanmar Oil and Gas Enterprise, now controlled by the military and its largest source of revenue, he said in a report. Sources told Reuters that Myanmar's military rulers attempted to move about $1 billion held at the Federal Reserve Ban...
The Myanmar Oil and Gas Enterprise (MOGE) have issued an invitation for expressions of interest in relation to the establishment of a joint venture as part of a semi-privatisation process whereby its oil and gas business and regulatory functions will be separated. MOGE is adopting a similar mode...
China Co. vice chairman Wang Zhongcai and officials from Sino Pipeline International Co. Ltd., Petro China Gas Marketing Co. Ltd. and Chinnery Assets Limited. They discussed matters related to China-Myanmar bilateral cooperation in the oil and gas sector, and potential future areas of cooperation...
A four-year investigation concluded that Burma's national company Myanma Oil and Gas Enterprise (MOGE) was 'the main channel for laundering the revenues of heroin produced and exported under the control of the Burmese army.' The main player in the country's drug market is the United Wa ...
Among Myanmar's intrinsic strengths are its rich endowments of natural gas, oil, and precious and semi-precious stones—though the experience of other countries shows that resources can be a mixed blessing.. Myanmar accounts for 90 percent of the world's jade production and...
the military’s sprawling business empire. In February, the European Union (EU) expanded its measures to include state-owned Myanma Oil and Gas Enterprise (MOGE), which is thought to be a lucrative source of revenue for the military, and civil society groups are urging the US to follow ...
oil and gas and abundant agriculture. Yet even the boldest investors say the stigma of Myanmar's political repression restricts the pursuit of profit. "Nothing will change around here, nothing will improve and there will be no big investment until the government changes," says one Westerner. "...
BANGKOK--Thai banks have become the main supplier of international financial services for Myanmar’s military government, enabling it to purchase goods and equipment to carry out its increasingly bloody war against pro-democracy resistance forces and arm