Canada Hasn't Closed Door to State-Owned Companies

(Corrects name of company in first paragraph.)

China Petrochemical Corp.’s international unit is weighing Canada’s new foreign-takeover rules and believes there are still opportunities to invest in the oil sands, an executive said.

Hou Hongbin, a Beijing-based vice president of Sinopec International Petroleum Exploration & Production Corp., spoke to reporters in Toronto today.

To contact the reporter on this story: Rebecca Penty in Calgary at rpenty@bloomberg.net

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net

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