Industry exposed to 'extreme risk' states

On the lookout: Burma remains riskiest place in the world for foreign investment despite recent reforms, report warns

International explorers need to exercise “extreme caution” in their operations given the industry is active in many of the world’s riskiest states, according to a new security analysis.

The new report by risk analysis and mapping firm Maplecroft has ranked 197 countries according to the independence, efficiency, implementation and transparency of the states’ legal systems.

The ten states where investment is considered riskiest include a number of hydrocarbon-rich nations: Burma (also known as Myanmar), North Korea, Somalia, South Sudan, Turkmenistan, Cuba, Cambodia, Afghanistan, Syria and Libya.

Other states where the industry is highly active rank among the 19 states with an 'extreme risk' investment rating in the Rule of Law report, notably Angola in 13th place and Iraq at 18th.

Burma continues…

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