Business news - 20 March 2014

DCP Midstream will construct a new sour natural gas processing plant in Lea County, New Mexico, which will service producers in the Permian Basin.

The Shah Deniz and South Caucasus Pipeline consortia have awarded further key stage 2 contracts.

According to the US Energy Information Administration (EIA), crude oil inventories at Cushing are down 29% over the past seven weeks.

The Confederation of British Industry (CBI) comments on the recent UK budget.

Metinvest Group will supply large diameter pipes fabricated from internally produced pipe-making plate for oil and gas pipelines in Iraq.