Canada clears Chinese oil sands purchase
Applies stiff conditions to large stake by state-run PetroChina; makes clear Canada eager to allow 2-way trade, resource investment
For Petroleum News
The Canadian government is opening the door to investment in its energy and mining sector by Asia’s resource-hungry, state-run companies, but has left no doubt that the welcome mat does not constitute a free pass.
In approving PetroChina’s offer of C$1.9 billion for a 60 percent share of two Alberta....
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Transaction seen as turnaround
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