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Business news - 10 March 2011

Pembina planning a C$ 470 million spend for 2011

Pembina Pipeline Corporation is planning to spend approximately C$ 470 million in 2011, with the majority targeted at projects expected to provide new sources of cash flow by mid-year.

 

Explosion shuts down Iraqi oil pipeline

The Beiji oil pipeline between Northern Iraq and Turkey, which exports up to 25% of the country’s crude exports has shut down due to an explosion.