In view of the restrictive measures adopted by the European Union since the late 1980s, particularly in the field of trade (although these measures were suspended in April 2012, see above), commercial relations between France and Burma are still fairly limited, amounting to €17 million in 2011 (compared to €96 million in 2000).
France is not a major investor in Burma. The main French project approved by the Investment Commission is run by Total and represents an investment of US$480 million. Total operates the Yadana gas field, in which it owns a 31% shareholding. Other members of the consortium include US energy company Chevron (28%), Thailand’s PTTEP (25%) and Burmese firm MOGE (15%). Most of the gas produced is destined for Thailand.
Total plans to expand its activities in Burma as the regime progresses towards greater democracy: in early September 2012, the group announced its acquisition of a 40% stake in an exploration field off the coast of Burma from Thai oil and gas firm PTTEP, its first major investment in the country since 1998.
Updated on 01.01.13