No more state oil grabs, vows Canadian PM

Canada’s government has approved China’s biggest overseas energy acquisition, a €11.7bn takeover by state-owned CNOOC of oil and gas producer Nexen.

No more state oil grabs, vows Canadian PM
Sat, 08 Dec, 2012 - 11:35

Canada’s government has approved China’s biggest overseas energy acquisition, a €11.7bn takeover by state-owned CNOOC of oil and gas producer Nexen.

But the Canadian prime minister vowed to reject any future foreign takeovers in the oil sands sector by state-owned companies.

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