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Home » President Biden asked to stop oil companies from bankrolling the Myanmar military
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President Biden asked to stop oil companies from bankrolling the Myanmar military

Editor's Desk, Tattva NewsBy Editor's Desk, Tattva NewsFebruary 25, 2022Updated:February 25, 2022No Comments3 Mins Read
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The European Union announced a new round of sanctions on the Myanmar military. Most notable is that Myanmar Oil and Gas Enterprise (MOGE) has been sanctioned for the first time. During the previous military dictatorship, no foreign government ever took action to end the flow of money to the Myanmar military from the oil and gas sector.

This is due the global campaign undertaken by civil society organisations like Campaign for a Myanmar. The public pressure on these oil companies helped neutralize their long-time lobbying against sanctions on the Myanmar military’s oil money and contributed to their announced withdrawal from Burma.

This week, now taking up a global campaign to \ press the Biden Administration for similar U.S. sanctions on MOGE. In a global appeal, it said that with the EU imposition of sanctions on MOGE, it is vital that the US follow suit.

It said Myanmar earns close to US$ 1 billion a year from natural gas sales. Much of this money flows through MOGE, a state-owned enterprise, with deep links to the military’s business empire. With the military coup, MOGE and the rest of the government is under direct military control.

It is long past time for President Biden to impose sanctions on MOGE. On April 27th, 2021, a bipartisan group of U.S. senators, led by Jeff Merkley (D, Oregon) and Marco Rubio (R, Florida) called on the Biden Administration to stop the flow of oil and gas money to the Myanmar military.

PTT is the largest Thai corporate investor in Burma (Myanmar) and a partner of Myanma Oil and Gas Enterprise (MOGE) in the Yadana gas field and pipeline. Yadana is one of the military’s largest sources of revenue, bankrolling up to 70 percent of its operations in years past. With the decison by TotalEnergies and Chevron to exit Myanmar and the Yadana project, PTT may well become the majority owner and operator.

In the past year, dozens of people have been killed by airstrikes. Most of these airstrikes, using jets and helicopters, are happening in ethnic states, and local communities are calling for international action. But military jets require fuel. If the jets can’t fly, they can’t bomb.

PetroChina International Singapore Pte Ltd shipped 13,300 tonnes of jet fuel into Myanmar in April 2021, according to government import data reviewed by Reuters. PetroChina is a subsidiary of the state-owned China National Petroleum Corporation (CNPC).

Burmese civil society organizations have called for an embargo of jet fuel sales to Myanmar. “We’re appalled that PetroChina is exporting jet fuel to Myanmar, doing business with the war criminals who are conducting indiscriminate air strikes against ethnic communities,” stated Justice for Myanmar spokeswoman Yadanar Maung to Reuters.

EU MOGE Myanmar military regime President Biden
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