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Ozy_Flame · 09-24-2018, 09:47 AM

New Alberta refinery proposal shows China has not given up on the oilsands

CALGARY — A new Chinese proposal to build a 167,000-barrel-per-day refinery in Alberta suggests Beijing continues to seek strategic opportunities in Canada’s oil and gas sector.

The China Petroleum & Chemical Corp. (Sinopec), China Construction Industrial & Energy Engineering Co. Ltd. and a consortium of Alberta First Nations said earlier this month they have hired Edmonton-based Stantec Inc. to help guide the company through the regulatory process for a 167,000-barrels-per-day refinery project in Alberta.

“I hope they can do it. I think it’s a good idea. There’s a third of the world’s oil up in the oilsands and that’s no secret to the Chinese,” said Ian MacGregor, chairman of the rival North West Refining project. “They haven’t been able to get that oil to China and so maybe they see this as a way, if they make refined products, then they can get them anywhere.”

09-24-2018, 09:47 AM	#3946
Ozy_Flame Posted the 6 millionth post! Join Date: Feb 2002 Exp:	New Alberta refinery proposal shows China has not given up on the oilsands CALGARY — A new Chinese proposal to build a 167,000-barrel-per-day refinery in Alberta suggests Beijing continues to seek strategic opportunities in Canada’s oil and gas sector. The China Petroleum & Chemical Corp. (Sinopec), China Construction Industrial & Energy Engineering Co. Ltd. and a consortium of Alberta First Nations said earlier this month they have hired Edmonton-based Stantec Inc. to help guide the company through the regulatory process for a 167,000-barrels-per-day refinery project in Alberta. “I hope they can do it. I think it’s a good idea. There’s a third of the world’s oil up in the oilsands and that’s no secret to the Chinese,” said Ian MacGregor, chairman of the rival North West Refining project. “They haven’t been able to get that oil to China and so maybe they see this as a way, if they make refined products, then they can get them anywhere.”