Myanmar
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Mineral Resources
Myanmar's embattled junta chief takes on function of nominal president
All duties of Myanmar's token president have been moved to the chief of the judgment junta, Minutes Aung Hlaing, after the small head of state was placed on medical leave following a period of extended health problem, state television stated on Monday. Myanmar has actually been in swallowed up in chaos since Feb. 2021 when the military led by Min Aung Hlaing ousted an elected civilian government in a coup, activating a wave of protests that has transformed into an across the country armed rebellion versus the junta. Although Myint Swe, 73, is just a token president, the junta has
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Natural Gas Utilities
Chevron hands Myanmar gas field stake to junta, Thailand's PTTEP
U.S. energy company Chevron has actually stopped the Yadana natural gas field in Myanmar, a representative stated on Monday, more than 2 years after it condemned violence and human rights abuses there and announced it would leave. Rather than being sold, Chevron's 41.1% stake in the gas field was rearranged to the staying shareholders, Thailand's PTT Expedition and Production and state-owned Myanma Oil and Gas Business (MOGE). PTTEP, operator of the gas field, said on Friday its stake in Yadana had increased to 62.96%. The withdrawal offers effect to our objective to exit Myanmar in a controlled and orderly way,