HALLIBURTON IN BURMA
“We don’t do business in Burma,” claims Halliburton spokesperson Wendy Hall. But while the company may have no current direct investments in Burma, it has participated in a number of energy development projects there, including the notorious Yadana and Yetagun pipelines.
Natural gas deposits, later named the Yadana field, were first discovered offshore near Burma in the Andaman Sea in 1982. Beginning in the late 1980s, the Burmese government sought investors for a pipeline planned from the Yadana field across Burma to Thailand. In 1991, the government reached a preliminary agreement, formalized later, to deliver gas to the Petroleum Authority of Thailand (PTT). In 1992, Total, a French oil corporation, agreed to develop the field with Myanma Oil and Gas Enterprise (MOGE). Unocal, a U.S. oil company, joined the venture in 1993. Finally, the Yadana field consortium –– known as the Moattama Gas Transportation Company –– was incorporated in December 1994. Its stakeholders include Total (31.24 percent), Unocal (28.26 percent), PTT (25.5 percent) and MOGE (15 percent).
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Halliburton failed to respond to repeated requests for comment on these allegations and other issues raised in this article.
Shortly before the election, Dick Cheney admitted on the Larry King Live! show that Halliburton had done contract work in Burma. Cheney defended the project by saying that Halliburton had not broken the U.S. law imposing sanctions on Burma, which forbids new investments in the country. “You have to operate in some very difficult places and oftentimes in countries that are governed in a manner that’s not consistent with our principles here in the United States,” Cheney told Larry King. “But the world’s not made up only of democracies.”
http://multinationalmonitor.org/mm2001/01may/may01corp10.html