Global Markets

Myanmar’s Rohingya crisis a reputational risk for IOCs

Companies may face pressure from shareholders to respond to the humanitarian crisis unfolding in Myanmar Companies may face pressure from shareholders to respond to the humanitarian crisis unfolding in Myanmar.
By Andrew Walker 31 October 2017 0 28178
Rohingya refugees cross the Bangladeshi border Rohingya refugees fleeing from Myanmar to Bangladesh. (PA)

The persecution of Myanmar’s Rohingya population has had little impact on IOCs operating in the country. But by working with the regime, oil and gas companies run the risk of damaging their reputations.

“Energy companies are watching the situation, and global reactions to the situation, closely,” Jeremy Mullins, research director at Myanmar Energy Monitor, told Interfax Natural Gas Daily.

The crisis in Rakhine state has seen hundreds of thousands of mostly Muslim Rohingya flee into Bangladesh in recent months following a crackdown by Myanmar’s...