Ties that Bind

摘要

West Coast for Alberta oil producers to win significant market share in the Far East, Calgary executives are being told. Despite being home to the fastest incremental demand growth on the planet, China is not waiting with baited breath for the first tanker-load of Alberta bitumen to wash up on its shores. "They have other options," Reynold Tetzlaff, national energy leader with PricewaterhouseCoopers LLP, told a Calgary crowd this spring. Officials in Beijing are exercising such choice with aplomb. In April, state-run China National Petroleum Corp. (CNPC) said it would begin construction on a $9.08-billion refinery in Guangdong province on China's southeast coast.