ALBERTA

Yao Wei PetroChina Executive Says Chinese Pipeline Sector Faces Challenges

09/25/2012 04:30 EDT | Updated 11/25/2012 05:12 EST
Getty Images
In this picture taken on May 21, 2012 Chinese oil workers wave from China National Offshore Oil Corp. (CNOOC)'s first independent deep-water oil drilling rig, during a sending off ceremony from the port of Qingdao, east China's Shandong province. China's first home-grown deep-water drilling rig will be located in the South China Sea, some 300 kilometres (200 miles) southeast of Hong Kong, as the country's dependent on oil imports to fuel its surging economy, claims full sovereignty on the sea, which has huge oil and gas reserves, often leading to diplomatic rows with its neighbours. CHINA OUT AFP PHOTO (Photo credit should read AFP/AFP/GettyImages)
CALGARY - The general manager of a Chinese pipeline company says his industry is up against numerous challenges.

Yao Wei, with PetroChina pipeline company, says China is expected to add 100,000 kilometres of new pipelines over the next decade — a big chunk of which PetroChina will build.

That's more than double the length of pipe that has been built in China since the 1970s.

While that's a big opportunity, Yao says there's a lack of technology, robust regulation and qualified talent to keep up with the huge growth.

Yao made his remarks through a translator to a packed luncheon at the International Pipeline Conference in Calgary.

He did not take questions, or discuss Chinese investment in Canada, such as another Chinese company's pending $15.1-billion offer for Calgary-based Nexen Inc. (TSX:NXY)

Also on HuffPost

Foreign Firms Moving In On Alberta Oil Patch