French oil giant TotalEnergies on Friday said it would withdraw from Myanmar over "worsening" human rights abuses committed since the country's military took power in a February 2021 coup.French oil giant TotalEnergies on Friday said it would withdraw from Myanmar over “worsening” human rights abuses committed since the country’s military took power in a February 2021 coup.
Total will withdraw from its Yadana gas field in the Andaman Sea, which provides electricity to the local Burmese and Thai population, six months at the latest after the expiry of its contractual period. Around 30 percent of the gas produced at Yadana is sold to the MOGE for domestic use, providing about half of the largest city Yangon’s electricity supply, according to Total.
The European Union has imposed targeted sanctions on the Myanmar military, its leaders and entities, while Norwegian telecoms operator Telenor this week sold its stake in a Burmese digital payments service over the coup.
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