Financial Post | Business

TORONTO — Debate over the role of state-owned enterprises (SOEs) in the oil-and-gas industry has been a big and emotional one and led to new restrictions in the oil sands. But a senior executive at one of China’s largest oil companies said future investment in Canada still boils down to one much more basic criterion: Does it make money?

Hou Hongbin, chairman of Sinopec Daylight Energy Ltd. and a vice-president of Sinopec International Petroleum Exploration & Production Corp., said his company would like to keep growing in Canada, but it all depends on whether opportunities stack up well, in commercial terms, against those of the 23 other countries it operates in.

View original post 586 more words

Advertisements