iKan Media

  • Home
  • News
    • Alberta
    • Canada
    • International
    • Environment
    • Innovation
    • Safety
  • Video
  • Editorial
  • About
    • The Team
  • Contact
You are here: Home / News / Alberta / China’s not gushing about Canada’s oil patch

China’s not gushing about Canada’s oil patch

July 25, 2014 by Rob Hislop Leave a Comment

About two years ago people across Canada voiced their concerns about China’s involvement in Alberta’s oil patch. Instead of cashing in a Financial Post (FP) report says “some of the major acquisitions are looking messy to hopeless.”

China Petrochemical Corp

courtesy: China Petrochemical Corp

Rather than cash flowing into Chinese investors pockets, they seem more content with cutting costs. As a result executives are falling faster than pins at a bowling alley.

Some of the Chinese investors are suggesting a big problem for them is what they feel are restrictive foreign ownership rules. But according to the FP story China’s more upset over the high prices paid, and frustrations with the amount of time it is taking to turn resources into production and in turn profit.

(source: Financial Post)

Filed Under: Alberta, Canada, News Tagged With: China, investors, oil patch, resources

Leave a Reply Cancel reply

Your email address will not be published.


  • Facebook
  • LinkedIn
  • Twitter

Topics

Alberta Alberta Energy Regulator British Columbia Calgary Canada Canadian Association of Petroleum Producers Canadians Climate Change crude oil drilling Edmonton Enbridge energy Energy East Environment environmental First Nations fracking Gulf of Mexico Harper Government hydraulic fracturing industry Innovation Keystone XL Keystone XL pipeline Kinder Morgan Northern gateway Northern Gateway pipeline oil oil and gas oil companies oil industry oil sands oil spill pipeline refinery Safety Shell spill tar sands train TransCanada treaty rights U.S. water

Categories

  • Alberta
  • Canada
  • Editorial
  • Environment
  • Event Coverage
  • iKanMedia TV
  • Innovation
  • International
  • Letters
  • News
  • Safety
  • Uncategorized
  • Video

Copyright © 2021 · News Pro Theme on Genesis Framework · WordPress · Log in