NAY PYI TAW – The junta council raided the Myanmar Oil and Natural Gas Enterprise (MOGE) office in Nay Pyi Taw on July 6 and inspected the staff.
The raid came after a news leak that millions of US dollars were stuck overseas due to Western sanctions.
“Due to a security leak, people from Office No. 44 are being called to Office No. 6 and are being inspected,” a junta government official in Nay Pyi Taw confirmed.
Office No. 44 is the Myanmar Oil and Natural Gas Enterprise (MOGE) office.
Some staff in Nay Pyi Taw said that the inspected staff have not yet returned to the office and their phones are being checked.
Because the European Union sanctioned MOGE last year, more than $500 million is stuck abroad. In order to withdraw, the junta council’s Ministry of Energy submitted to the Central Bank in April to open US Dollar, Chinese Yuan and Thai Baht accounts under the name “Gangaw” at the Myanmar Economic Bank (MEB) and it is reported that the junta council was planning to accept the money instead of MOGE.
According to a secret document received by news agency, $326.80 million from China National Offshore Oil Corporation (CNOOC) off the coast of Rakhine, $108.82 million from China-Myanmar joint venture oil and gas pipeline companies, $68.68 million from Muttama Gas Transportation Company (MGTC) is stuck abroad.