TotalEnergies today announced that it has decided to withdraw from Myanmar. “Following the coup of 1st February 2021 in Myanmar, TotalEnergies has firmly condemned on several occasions the abuses and human rights violations taking place there,” the company said in its statement. TotalEnergies has not identified any means for doing so.”We have secured leasing rights to develop an offshore windfarm in Scotland, representing TotalEnergies' largest renewables development project to date in Europe! “As a result, TotalEnergies has decided to initiate the contractual process of withdrawing from the Yadana field and from MGTC in Myanmar, both as operator and as shareholder, without any financial compensation for TotalEnergies. TotalEnergies has indicated to its partners its willingness to ease the transition to the new operator and facilitate the transfer of staff who so wish,” it stated.

Source: News Business Ethiopia January 21, 2022 08:21 UTC