Private Chinese firms join hunt in Alberta’s oil patch

As Ottawa scrutinizes two oil patch takeover proposals by foreign state-owned entities, privately owned Chinese companies are increasingly on the prowl in Alberta.

Chinese national energy companies such as PetroChina Co. Ltd. and China Petroleum and Chemical Corp. (Sinopec) own a variety of oil operations and properties in the Alberta oil patch. Now, private Chinese companies with no ownership by Beijing are scouting the province in an effort to position themselves for possible investments in oil properties and infrastructure.

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