U.S. energy giants Chevron Corp. and General
Electric Co.are seeking deals in Myanmar as Washington slowly removes
investment restrictions, playing catch-up to global rivals who have already
rushed in to take advantage of the country’s mostly untapped oil and gas
wealth.
Governments
around the world have been reducing sanctions on the Southeast Asian nation
after dramatic political and economic reforms, including the release from house
arrest of opposition leader Aung San Suu Kyi.
Secretary
of State Hillary Clinton said last month that steps are being taken to authorize
new U.S. investment and permit Myanmar to gain access to international markets
and dollar-based transactions.
Still,
the U.S. continues to ban imports of products from Myanmar and doing business
with certain entities or individuals closely associated with the
military-backed regime that previously governed.
SIMON
HALL
Business & Investment Opportunities
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