Interra exits Myanmar oil project, selling stake to Chinese-linked firm after sanctions pressure

NEWS SUMMARY

Singapore-based Interra has exited its stake in a Myanmar oil project, selling its share to a Chinese-linked firm amid accusations of undermining sanctions by supplying oil to the junta. The company faced pressure for allegedly providing millions of barrels of oil to the ruling military regime.

Full BriefGenerated 0m ago

The Singapore-based company was accused of undermining sanctions by providing the regime with millions of barrels of domestically produced oil.

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