Total accused of alleged profiteering in Myanmar

Total accused of alleged profiteering in Myanmar

Activist group Justice For Myanmar has accused French major Total of making excessive profits at Myanmar’s expense.

In a report ‘Is Total profiteering in Myanmar?’ published yesterday, the activist group said that “contractual arrangements for the lucrative Yadana gas project may have been rigged to enable foreign energy giants to make excessive profits at Myanmar’s expense.”

The Yadana gas field and pipelines are operated by Total on behalf of partners Chevron, PTT, a Thai state-owned oil and gas company, and Myanma Oil and Gas Enterprise (MOGE), a state-owned company of Myanmar. Total operates the gas field with a working interest of 31.2%, Chevron 28.3%, PTT 25.5%, and MOGE 15%.