Myanmar CrisisThailand's PTT halts fuel storage project in Myanmar, citing unrest
Subsidiary stops oil terminal construction after being dropped by Norway fund
Thailand energy giant PTT recently found itself divested from Norway's government pension fund for holding business interests in Myanmar. © Reuters
YOHEI MURAMATSU, Nikkei staff writer
December 24, 2022 06:16 JST
BANGKOK -- A subsidiary under Thailand's state-owned energy giant PTT will suspend oil transport and storage operations in Myanmar over "violence and unrest" in the country, the company announced a week after losing one of the world's largest sovereign wealth funds as an investor.