Market report : Chinese oil companies’ investment in Canada

Abstract

Canada has become one of China’s major oil-importing countries since 2005. In 2010, China’s oil companies invested over $20 billion in Canada’s oil and related industries. This report consists of an industry analysis that identifies the current global petroleum industry (which will be referred to as the oil and gas industry in some parts of the report) and the key factors of this industry. This will be followed by the market analysis in which part of the Canadian petroleum industry will be addressed as well as a case-specific analysis of CNOOC’s takeover of Nexen. At the end of the report, potential options for Sinopec’s foreign investment in the Canadian market will be demonstrated.