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Article

20 May 2009

Author:
Agence France Presse

French oil firm would be hurt by Myanmar sanctions: minister

If Europe imposes new sanctions on Myanmar's military regime they would hit the French energy giant Total's operations in the country and have far reaching consequences, France said Wednesday... Foreign Minister Bernard Kouchner said..."No-one is saying that we shouldn't take a firm stance on Total...But if we take a firm stand that would be decided at the highest level of the state, and we're going to review the situation in the coming days, that would mean cutting off gas supplies to a good part of the Burmese population, not to mention the city of Bangkok, since the gas goes to Thailand," he said. "We have to weigh things carefully," he continued, warning that if Total was forbidden from working in Myanmar's natural gas fields, Chinese firms would be quick to pick up the slack.