Texaco offloads Burmese assets to A

[dohrs@xxxxxxxxxxxxxxxx]

   RANGOON, Sept 22 (AFP) - US-based oil giants Texaco have  
offloaded their assets in military-run Burma to AGIP International 
of Italy in a 260 million dollar swap deal, an informed source here 
said Monday. 
   No official announcement of the deal has yet been made, but it  
is expected to be finalised by the year end, the source said. 
   Texaco is a major investor in the offshore Yetagun natural gas  
field in the Burmese Andaman Sea, which is due to supply gas by 
pipeline to neighbouring Thailand. 
   US investors in Burma have faced stiff pressure at home to  
pullout of the country, because of criticism of the human rights 
record of Rangoon's ruling military junta. 
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