Canadian company Pembina Pipeline Corp. says it is going ahead with a $4.5-billion joint venture with Kuwait's Petrochemical Industries Co. to build an integrated propane dehydrogenation plant and polypropylene upgrading facility northeast of Edmonton.
The project to turn propane into plastic...
Oil prices edged higher for the first time in three sessions on Wednesday, although concerns over the outlook for the global economy capped gains.
US West Texas Intermediate crude futures were at $53.74 per barrel, up 8 cents from their last settlement. They closed down 1.7% on Tuesday, CNBC...
Oil Minister Bijan Namdar Zanganeh says Iran has turned to the sale of Islamic bonds to finance oil projects.
"The first sale of bonds to fund our oil output augmentation projects worth $6.2 billion started on Monday," Zanganeh said, Platts reported.
The minister noted that the new US sanctions...