Washington, November 03 2023, The Europe Today: Nearly two years after U.S. energy company Chevron condemned violence and human rights abuses in Myanmar and announced it would leave, the company said it still holds assets there, including a portion of an offshore gas field in a venture with the state energy company.
Chevron said in January 2022 it would exit Myanmar and in February 2023 said it had agreed to sell its assets there, including a 41.1% stake in Myanmar’s Yadana gas field, to Canada’s MTI Energy for an undisclosed price.
But the company told Reuters this week it still owns the assets. Chevron is ensuring its exit from Myanmar is “conducted in a planned and orderly manner,” said a spokesperson, who gave no timeline for when that would happen and did not indicate whether there was any difficulty in completing the sale to MTI.
“We have signed an agreement to sell the company’s interest in all Myanmar assets and exit the country. The terms of the agreement are confidential,” the spokesperson said.
