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Calgary Herald
Shaun Polczer
Thursday, April 15, 2010
 
Upgrading could be part of Sinopec plan
China expert dismisses fears of bitumen exports
Chinese oil giant Sinopec could be considering an up-grader or refinery in Alberta, as opposed to shipping raw bitumen abroad, a leading China expert said Wednesday.

Wenran Jiang, the Mac taggart chair at the University of Alberta's China Institute, said the next logical step for Sinopec -- one of the world's largest refiners, which bought into Syncrude Canada on Monday -- is to invest in downstream refining in Canada to support China's growing upstream portfolio in Alberta.

In an interview with the Herald, he said concerns that China is looking to ship raw bitumen abroad are "laughable."

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