Who are the real winners of Myanmar's latest Oil and Gas Block sales?

In October 2013 and March 2014, Myanmar awarded 36 major oil and gas blocks to 47 international and local companies. Global Witness has contacted each of these winning companies to ask simply: who owns and controls you? Getting full answers to this question is crucial to putting an end to the corruption which has kept Myanmar’s people in poverty for so long. Secret company structures enable powerful individuals to hide their identities and there are countless examples globally of corrupt of officials awarding major deals to companies which they later turn out to own. Putting company ownership details into the public domain provides a crucial safeguard against corruption. Of the 47 companies contacted, only 13 provided responses to Global Witness’ ownership questions. Two private companies have set a positive precedent by revealing full details of the individuals who own and control them. Overall, however, these results reveal a high level of corporate secrecy which must be tackled if Myanmar’s oil and gas riches are to benefit its people.

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Additional Info

Field Value
Document type Issue and policy briefs
Language of document
  • English
Topics
  • Extractive industries
  • Extractive industries licensing and payments
  • Off-shore oil and gas exploration and extraction
  • Oil
  • Oil and gas resources
  • On-shore oil and gas exploration and extraction
Geographic area (spatial range)
  • Myanmar
Copyright To be determined
Version / Edition 1.0
License Creative Commons Attribution
Contact

Global Witness Limited Lloyds Chambers 1 Portsoken Street London E1 8BT United Kingdom

Author (corporate) Global Witness
Publication date 2014
Pagination 12
Legacy reference document Myanmar_Oil_And_Gas_Global_Witness_Briefing_2014
Date uploaded October 24, 2016, 13:43 (UTC)
Date modified January 21, 2020, 06:56 (UTC)