Singapore Company Supplied Over 2.3 Million Barrels of Oil to Junta

Singapore Company Supplied Over 2.3 Million Barrels of Oil to Junta

A Myanmar-based subsidiary of Singapore-listed Interra Resources supplied over 2.3 million barrels of oil worth approximately $150 million to the junta between February 2021 and the end of 2023.

Details of how Interra Resources was involved in supplying oil to the junta, some of which was allegedly used to commit war crimes such as airstrikes on civilians, was revealed in a 29 January 2025 joint report by campaign group Justice for Myanmar and the UK-based investigative journalism organisation Finance Uncovered.

It revealed that Goldpetrol Joint Operating Company Inc, which is 60 per cent owned by Interra Resources  and one of the few companies still extracting oil from Myanmar's onshore fields, had supplied over 2.3 million barrels of oil to the junta. It was extracted from the Chauk and Yenangyaung oil fields in Magway Region and sold to the state-owned Myanma Oil and Gas Enterprise (MOGE), from January 2021 to the end of 2023. MOGE has been sanctioned by both the United States (US) and the European Union (EU).

Justice For Myanmar spokesperson Ma Yadanar Maung said: “Interra Resources is complicit in the Myanmar military's international crimes through its continued supply of oil to the terrorist junta. The company's business with MOGE directly supports the junta's widening campaign of terror, which has killed children, destroyed schools and hospitals, and displaced over 3 million people.”

Justice For Myanmar also urged the Singapore stock exchange to take regulatory action against Interra Resources for continuing to do business with a sanctioned entity (MOGE) and for being complicit in the junta’s war crimes.

It pointed out that “Singapore, as an ASEAN member, bears particular responsibility to prevent companies and citizens in its territory from materially supporting the military junta and prolonging the crisis in Myanmar. It must take action to end Interra Resources’ complicity in the junta’s war crimes.“

Ma Yadanar Maung said: “Governments including Singapore must step up, impose targeted sanctions on the junta and end the involvement of their companies and citizens in the junta’s dirty deals.”

As it faces ever more setbacks on the battlefield the junta is committing human rights abuses every day and increasing its airstrikes targeting civilians.

“The junta often bombs towns it has lost. These intentional airstrikes on civilian areas are clear acts of war crimes, and the international community must take action against them,” a human rights activist from Arakan (Rakhine) State said to DMG.

According to statistics from the Burma News International-Myanmar Peace Monitor (BNI-MPM), resistance forces have seized 95 towns across Myanmar, and these towns have increasingly become targets of junta airstrikes, leading to numerous civilian casualties almost daily.

The junta carried out 1,054 airstrikes in 2024 that killed 1,001 civilians according to figures released by BNI-MPM.

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