NAYPYITAW, Myanmar, Jan. 10 (UPI) -- U.S. Sen. James Inhofe, R-Okla., told Myanmar President Thein Sein that U.S. oil and natural gas companies were ready to invest in the country's economy.
Inhofe, ranking member of the Senate Environment and Public Works
Committee, said he met with Thein Sein to discuss investment
opportunities.
"I told President Sein that I believe U.S. companies, especially
those in the oil and gas sectors, can play a positive role in
demonstrating high standards of responsible business conduct and
encourage free market policies, while at the same time protect human
rights in this rich land," Inhofe said.
U.S. President Barack Obama
signed an executive order last year authorizing U.S. investments in
Myanmar in light of political reforms. Certain limitations were made for
the country's Defense Ministry and for sanctioned entities and
individuals.
A consortium of advocacy groups signed a declaration expressing
"grave concern" over the decision to allow U.S. investors into the
country. They said it would likely worsen the human rights situation in
Myanmar.
Inhofe said the U.S oil and natural gas industry has a "proud
history" of fostering an open and transparent business environment on
foreign shores.
Representatives from French company Total visited Myanmar in June to discuss prospects in the country.
source: UPI
http://www.upi.com/Business_News/Energy-Resources/2013/01/10/Senator-US-energy-ready-for-Myanmar/UPI-37791357828192/
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