China makes low-key entry into oil sandsState-owned company acquires minority stake in Alberta oil sands start-up, drawn by advances in technologies Gary Park Petroleum News Calgary Correspondent
Instead of a long-anticipated dive from the high board, China has made a low-key entry to the Alberta oil sands.
CNOOC (70.64 percent held by state-owned China National Offshore Oil Corp.) has acquired a 16.69 percent common shareholder stake in MEG Energy, a privately held oil sands start-up, for....
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CNOOC-MEG deal a surprise Steam-assisted gravity drainage China could shoulder aside U.S.
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