Singapore Firm Seeks Legal Advice Over Supplying Oil to Myanmar
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Singapore-listed oil production company Interra Resources said it is seeking legal advice to determine whether its subsidiaries violated foreign laws in supplying oil to military-controlled Myanmar.
The company is looking into “whether a potential violation may have any impact on the business and operations of the group,” it said in response to queries from the Singapore Exchange on Thursday. Interra Resources said it is also seeking clarity on the adequacy and effectiveness of the control measures to address these risks.