Published by
The Bangkok Post
The Bangkok Post
SYDNEY: Australian energy firm Woodside announced its withdrawal from junta-run Myanmar on Thursday, the latest company to head for the exit following a military coup last year. “Woodside has decided to withdraw from its interests in Myanmar,” the company said in a statement to shareholders after nine years of operating in the country. The Perth-based petroleum giant cited “the deteriorating human rights situation” as part of the reason for the move, which will cost the company at least US$200 million. The exit, which comes amid building international pressure on the junta, follows energy majo…