Myanmar Oil

THE UNITED NETWORK AGAINST TYRANNY

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A four-year investigation concluded that Myanmar Oil and Gas Enterprise (MOGE) was “the main channel for laundering the revenues of heroin produced and exported under the control of the Myanmar army.” In a business deal signed with the French oil giant Total in 1992, and later joined by Unocal, MOGE received a payment of $15 million. “Despite the fact that MOGE has no assets besides the limited installments of its foreign partners and makes no profit, and that the Myanmar state never had the capacity to allocate any currency credit to MOGE, the Singapore bank accounts of this company have seen the transfer of hundreds of millions of US dollars,” reports François Casanier. According to a confidential MOGE file reviewed by the investigators, funds exceeding $60 million and originating from Myanmar’s most renowned drug lord, Khun Sa, were channeled through the company. “Drug money is irrigating every economic activity in…

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