Canada seems to be shifting to a new oil and gas partner

Note: This section contains information in English only.
Source: Bloomberg
Cnooc Ltd. has placed all cash takeover bid of a bit more than USD 15b for Nexen Inc. This indicates that Canada is switching from the US towards China as countries oil and gas partner. Canada's crude deposits, which are the third largest in the world, were partly developed by the fund from the US. China, being worlds most energy consuming country, is considering Canada as a possible major future supplier due to its plans to expand oil pipelines to pacific coast. 
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Tue, 24 Jul 2012 10:09:31 GMT

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