China eyes sands: report – Travia Grant

From Global and Mail (link):

China National Petroleum Corp. has set its sights on ’s growing sands and is planning a multi-billion dollar bid for a company this year, Norwegian-owned Upstream newspaper reported Friday.

Among those it’s sizing up: Husky Energy Inc. and Canadian Natural Resources Ltd., the weekly said, adding that the Chinese firm hasn’t approached either company yet.

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