China Petrochemical Corp's international unit is weighing Canada's new foreign-takeover rules and believes there are still opportunities to invest in the nation's oil sands.
"We can still work by the joint-venture model or some other kind," Hou Hongbin, a vice-president of Sinopec International Petroleum Exploration and Production in Beijing, told reporters in Toronto on Wednesday.
Canada hasn't "closed the door" to State-owned enterprises investment, he said. Prime Minister Stephen Harper on Dec 7 allowed Chinese SOE to acquire Calgary-based Nexen Inc for $15.1 billion.
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