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Sun Feb 5, 2012, 08:11 PM

Oil sands deal gives China crucial veto on exports

Sinopec's $4.6-billion deal to acquire a minority stake in the Syncrude oil-sands plant would give the Chinese state-controlled company a veto over the crucial decision of whether the company should upgrade more oil in Alberta or export raw bitumen for processing.

http://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/oil-sands-deal-gives-china-crucial-veto-on-exports/article1533681/

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