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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: Elroy Jetson	2/10/2023 2:33:28 PM
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Chevron has agreed to sell its 41% stake in Myanmar's Yadana gas field to Canada's MTI Energy for an undisclosed sum as dealing with the military government has become untenable. The Yadana gas field is the largest in Myanmar and a significant source of foreign revenue for the country. It produces 770 million cubic feet of gas per day, of which 70% is exported to Thailand and 30% is used domestically. The sale of Chevron's stake in Yadana came after TotalEnergies, a French supermajor, withdrew from Myanmar in July 2022, leaving Chevron with a larger stake of 41.1%.

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