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Sovereign Wealth Funds Briefing - Categorized | Investment

Alberta to win Chinese oil-sands investment, Minister says

Posted on 18 May 2011

China Investment Corp., the nation’s $300 billion sovereign wealth fund, plans to move a managing director to Canada to bolster investment bids for natural resources assets, a company official with direct knowledge of the matter said.
Alberta, the Canadian province that’s home to the world’s third-largest oil reserves, will likely win investment from Chinese and other Asian companies as they seek energy security, Energy Minister Ron Liepert said……………………………………….Full Article: Source


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