FDI 2004-2010: $2.9 billion
China has been a big investor in Canada's oil sands. The province of Alberta, whose oil sands give it the title of the largest oil reserves outside Saudi Arabia, has seen a lot of interest from Chinese energy firms.
Deals between China and Canada date to 2005, when Canadian energy firm Enbridge signed an agreement with PetroChina to ship oil through a planned Northern Gateway pipeline. The pipeline would be the first project to transport crude extracted from oil sands to the west coast of Canada so it can be shipped to Asia.
Earlier this year, PetroChina also became the first Chinese state-owned company to wholly own a Canadian oil sands development after it bought out its partner's stake for $674 million. The project is expected to start producing 35,000 barrels of oil a day by 2014 at a cost of $ 1.3 billion.
Since July 2011, Chinese companies interested in energy have snapped up around $5.5 billion worth of Canadian assets . But despite all the moves by Chinese companies to get a foothold in the oil sands market, China currently imports no oil from Canada because of environmental hurdles. The Northern Gateway pipeline faces strong opposition by aboriginal and environmental groups. Regulatory hearings for the project began in January but could take years to make their way through Canadian courts.
Pictured: Tar Sands in Alberta, Canada