Wenran Jiang
May 18, 2005   
Although a few deals may be reached soon, there are still barriers ahead for Beijing and Ottawa
April marked a small leap forward in China's energy relations with Canada. China National Offshore Oil Corp put down US$150 million (HK$1.17 billion) for a one-sixth stake in MEG Energy Corp, an upstart oil sands company. This is China's first major investment in Canada's vast oil sands industry. Two days later, PetroChina International signed a memorandum of understanding with Canada's giant pipeline company Enbridge, promising cooperation in the US$2.5 billion Gateway pipeline from Alberta to the West Coast that may supply China with 200,000 barrels of crude a day once completed. China's large energy corporations are predicting more such deals but at a ``much bigger'' scale
 
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