Canada gives no hints on timing of Nexen decision

OTTAWA Fri Dec 7, 2012 8:48am EST

A woman walks into the Nexen building in downtown Calgary, Alberta, July 23, 2012. REUTERS/Todd Korol

A woman walks into the Nexen building in downtown Calgary, Alberta, July 23, 2012.

Credit: Reuters/Todd Korol

OTTAWA (Reuters) - Canada refused to offer any hints on Friday on the timing of a decision on a bid by China's CNOOC Ltd for energy company Nexen Inc..

"Whatever the date, appropriate notice will be given," Andrew MacDougall, a spokesman for Prime Minister's Stephen Harper, told Reuters by email.

Canada's industry minister must rule whether the $15.1 billion offer is of net benefit to Canada. The December 10 deadline can be extended, provided both companies agree.

(Reporting by David Ljunggren, writing by Cameron French; Editing by Janet Guttsman)

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Comments (1)
Silverzephr wrote:
Why is Canada selling its resource base to China is beyond me…. China will still buy oil from them…. something to do with buying up more oil sands or maybe something to do with patents or something to do with control of Brent oil prices…. I say don’t let’em do it… There is nothing to be gained by this sale.

Dec 07, 2012 9:42am EST  --  Report as abuse
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