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Zhenrong Goes Belly-Up In Myanmar,Is Caracao next?”

The multi-billion-dollar oil refinery that was to be constructed by Guangdong Zhenrong Energy (GZE) in Myanmar failed miserably. This was confirmed last week by the Myanmar Investment Commission. Myanmar decided to cancel the project after it has seen “absolutely no progress at all” in the two years since GZE was awarded the contract to build […]

Curaçao’s Rosaria: “Lessons From Myanmar”

On September 15, 2016, just two weeks before elections in Curaçao, I sat in the first row for the signing ceremony of the MoU between the Government of Curaçao and the Chinese state-controlled Guangdong Zhenrong Energy (GZE). I had also hoped to finally learn some details about the memorandum. Unbelievably Members of Parliament at that […]

The Land Rush in Myanmar

After decades of military rule, Myanmar at last has a democratically elected government. Longtime opposition leader Aung San Suu Kyi’s party took charge in March, with her ally Htin Kyaw becoming president and the Nobel laureate herself serving as foreign affairs minister. In response, the U.S. last month announced a partial rollback of economic sanctions […]

Chinese company to build oil refinery near Dawei SEZ in Myanmar

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 […]

Refinery deal in Myanmar key for Guangdong Zhenrong Energy

Guangdong Zhenrong Energy Co, a major Chinese bulk commodity trader, expects the country’s “One Belt One Road” strategy to help boost its overseas investments, which in its case includes a planned massive oil refinery in Myanmar. The country’s New Silk Road Economic Belt and the 21st Century Maritime Silk Road strategies were launched in 2013 […]