Arab Today, arab today us senators press for myanmar oil investment
Last Updated : GMT 10:36:03
Arab Today, arab today
Arab Today, arab today

US senators press for Myanmar oil investment

Arab Today, arab today

Arab Today, arab today US senators press for Myanmar oil investment

Washington - AFP

US senators said they planned to move quickly to confirm the first US ambassador to Myanmar in two decades, as they pushed to allow investment in the country\'s oil and gas sector. President Barack Obama on May 17 nominated Derek Mitchell, a veteran US policymaker on Asia, as ambassador to the country after dramatic reforms including the election of opposition leader Aung San Suu Kyi to parliament. At a hearing on the nomination, senators across party lines voiced support for Mitchell. Senator Jim Webb, who heads a subcommittee on East Asia, said he hoped to complete Mitchell\'s confirmation by the end of the week. But senators pressed the Obama administration to allow investment by US energy companies as part of its loosening of sanctions on Myanmar, voicing fear that US companies would lose out to foreign competitors. Senator James Inhofe, a Republican from Oklahoma and champion of the fossil fuel industry, said he heard rumors that the administration will exclude oil firms from new rules allowing US investment in the country formerly known as Burma. \"This or any other \'carve-out strategy\' would be a strategic mistake,\" Inhofe told the hearing of the Senate Foreign Relations Committee. \"I believe that US companies including the oil and gas companies can play a positive role in the effort by demonstrating high standards of responsibility, responsible business conduct and transparency -- including respect for human rights in Burma,\" Inhofe said. Human rights groups have long charged that the oil and gas industry fuels abuses inside Myanmar, with villagers allegedly forced into labor and the powerful military seizing the revenue to support its operations. Suu Kyi, paying a historic tour of Europe, said in Geneva on June 14 that foreign firms should not partner with the state-owned Myanmar Oil and Gas Enterprise until her country signs up to international standards such as the IMF code on transparency. In a rare note of discord with Suu Kyi, a Nobel peace laureate who is widely respected in Washington, Webb said that the United States \"does not require countries to endorse this code or other standards as a prerequisite for US investment.\" Webb, a longtime advocate of engagement with Myanmar, said that other countries as diverse as China and New Zealand have also not signed the code. Mitchell said that the administration had not made a decision on oil and gas investment in Myanmar but reiterated concerns about the state-owned company. US engagement with Myanmar must benefit reform and ensure \"that we are contributing to the highest values and that we model the type of behavior that we like to see,\" Mitchell said. Not all US lawmakers are enthusiastic about oil and gas investment, with some members of the House of Representatives saying that Myanmar\'s reforms are overblown. Senator John Kerry, the chairman of the Senate Foreign Relations Committee, said that any further removal of sanctions needed to be \"handled in a thoughtful, step-by-step process that is contingent upon continued progress.\" Mitchell, testifying before the committee, warned that reform in Myanmar \"is not irreversible\" and raised concerns that \"hundreds of political prisoners\" remained locked up. He also expressed worries about human rights in ethnic minority areas, pointing to recent violence between Buddhists and Muslims in western Rakhine state that has left more than 80 people dead. \"Recent sectarian violence in Rakhine State demonstrates the divisiveness in Burma cultivated over many decades, if not centuries, that will need to be overcome to realize lasting peace and national reconciliation in the country,\" Mitchell said. But he praised President Thein Sein, a general turned civilian who took office last year, as a \"remarkable figure.\" \"We should never forget to recognize his extraordinary vision and leadership and the many reformist steps he and his partners in government have taken over the past year,\" Mitchell said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us senators press for myanmar oil investment Arab Today, arab today us senators press for myanmar oil investment

 



Arab Today, arab today
Arab Today, arab today Fadi Kataya explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Messi visit will contribute in tourism

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Zainab al-Maliki reveals herTV presenter models

GMT 18:12 2017 Friday ,24 February

Zainab al-Maliki reveals herTV presenter models

GMT 05:20 2017 Thursday ,23 February

WTO ratifies first multilateral trade deal

GMT 21:36 2017 Wednesday ,22 February

Opec needs to prolong cuts to eliminate surplus

GMT 16:32 2017 Wednesday ,22 February

US Treasury chief tells IMF to monitor currencies

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 05:57 2017 Wednesday ,22 February

Britain risks clash with EU over RBS bailout

GMT 05:26 2017 Wednesday ,22 February

Singapore carbon tax would hit refiners, help renewables
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday