YANGON -- A Chinese state-affiliated company plans to build an oil refinery near a special economic zone in Dawei, Myanmar, a development led by the Japanese and Thai governments. The move may force Japanese companies to review their plans to pursue opportunities offered by the development of the Dawei special economic zone in the southwestern Myanmar city.
The government-appointed Myanmar Investment Commission at the end of March approved the project by Guangdong Zhenrong Energy, a Chinese trading house specializing in energy. Myanmar Economic Holdings, owned by the country's military, and a local conglomerate will also participate in the project.
