Showing posts with label U.S Officials. Show all posts
Showing posts with label U.S Officials. Show all posts

Saturday, April 24, 2021

Chevron Lobbies U.S. Officials to Protect its Energy Interests in Myanmar, as Sanctions Pressure Rises



Richard Valdmanis
April 22, 2021
Chevron’s affiliate in Myanmar, Unocal Myanmar Offshore Co. Ltd. (UMOCL), has a 28.3 percent ownership interest in a production sharing contract (PSC) for the production of natural gas from the Yadana, Badamyar and Sein fields, within Blocks M5 and M6, in the Andaman Sea Photo: Yadana Platform / File Photo: Total - Photographer: GLADIEU STEPHAN


U.S. oil giant Chevron Corp lobbied lawmakers and government officials to protect its energy interests in Myanmar during the first quarter, as the administration of President Joe Biden comes under pressure to impose sanctions against the south Asian country’s military junta, according to federal disclosures.

Chevron is among a handful of international oil and gas companies with big stakes in Myanmar’s energy riches, which have become a crucial source of revenue for military rulers who seized power in February and imposed a bloody crackdown on political protests.