Maung Maung, General Secretary of the exile National Council of the Union of Burma, recently held discussions with responsible personnel regarding Lloyds involvement in Burma at Lloyds Insurance Headquarters in London.
Maung Maung , as part of his campaign for democratization in Burma, briefed them the current political situation and human rights violations of the military regime in Burma.
Meanwhile Chinese oil company CNOOC offered to buy U.S. oil company UNOCAL in a competition against American Giant Chevron. The Chinese made an offer of 18.5 billion dollars as opposed to Chevron's bid of 16.5 billion dollars.
This oil deal has led to controvervial views , amounting to US national security. Final approval has yet to be made by the Committee on Foreign Investments in the United States.