Singapore-based Interra has withdrawn from a significant oil project in Myanmar, selling its stake to a company with links to China. This move follows mounting pressure related to international sanctions imposed on the military regime. Interra had faced accusations of bolstering the junta by continuing to supply it with domestically produced oil, estimated at millions of barrels. The sale signifies a shift in the energy landscape of Myanmar post-coup, as Western companies face increasing scrutiny over their operations. Details of the financial transaction remain undisclosed, but the change in ownership is confirmed. This development highlights the ongoing challenge of enforcing sanctions and preventing economic support for the ruling military government. The transfer allows the Myanmar regime to continue revenue streams from oil production, potentially fueling further instability.

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