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| Article - Abstract. To view full article click on the article title. | |
Unocal in Burma UNOCAL in Burma by Manuel Velasquez. Union Oil Company of California, or Unocal, was founded in 1890 to develop oil fields in California. By the 1990s, however, most oil fields in the United States were nearing depletion so the company began investing in energy projects outside the U.S. One project that attracted the company was the "Yadana Field," a natural gas field that belonged to Burma and that lay off its coast beneath the Andaman Sea. Estimates indicated the Field had over 5 trillion cubic feet of natural gas, enough to continue in production for 30 years. In 1992 Burma had signed a contract with Total S.A, a French company that gave Total the right to develop the field and build a pipeline to transport the gas to Thailand, whose government wanted to buy the gas. Full Article: http://www.scu.edu/ethics/practicing/focusareas/business/Unocal-in-Burma.html |
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2006 Ethics-Governance.com |
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