THE DANGERS OF DOING BUSINESS WITH BURMA
September 1st, 2009
BY DINAH GARDNER
BURMA is both a dream and a nightmare for energy companies. First, it is undoubtedly resource rich. According to the BP Statistical Review, the country had 0.49 million cubic metres (17.5 trillion cubic feet) of proven natural gas reserves at the end of 2008, roughly the same as Vietnam.
Yet it is ruled by a pariah military regime that is accused of gross human rights violations. Both the European Union (EU) and the US impose stiff economic sanctions on Burma, officially called the Union of Myanmar. Human rights groups also lobby tirelessly, ...
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