EU sanctions Myanmar oil firm for providing resources to junta

The Zawtika project in the Gulf of Moattama, Myanmar, operated by Thailand's PTTEP International Limited and co-owned by Myanma Oil and Gas Enterprise (MOGE). The EU has sanctioned MOGE for providing Myanmar's military junta with “substantive resources”, while PTT is planning to step up engagement in the neighbouring country. (File photo supplied)

The European Union imposed fresh sanctions against Myanmar’s military regime, focusing on a lucrative state-owned oil and gas company that has been a key source of revenue for the junta more than a year after the coup - and a partner of Thailand's PTT.

The new listings target 22 individuals including government ministers, as well as high-ranking members of the Myanmar Armed Forces, the European Council said Monday. It also targets four entities, including state-owned companies like Myanma Oil and Gas Enterprise, which were found to provide the regime with “substantive resources”.