China - China wins approval for huge Canadian oil sand purchase

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China wins approval for huge Canadian oil sand purchase

Wednesday, December 30, 2009
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From Daily Crux Editor Justin Brill:

China continues to snap up the world’s resources…

This week, state-owned oil giant PetroChina received approval to take a $1.8 billion stake in two large Canadian oil sand projects.

It’s the latest in the huge trend of China buying into every iron ore, copper, oil, and base metal deposit it can get its hands on.

Read full article...

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