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Business deals

Thai PTTEP to operate Myanmar gas field after TotalEnergies exit

Unit of state-owned energy firm PTT will hold a 37.1% stake

The logo of PTT in Bangkok, Thailand.   © Reuters

BANGKOK (Reuters) -- Thai oil and gas giant PTT Exploration and Production said on Monday it would take over operations of the Yadana gas field in Myanmar from July following the exit of France's TotalEnergies.

Oil majors Chevron and TotalEnergies in January withdrew from Myanmar citing worsening humanitarian conditions following last year's coup. 

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