UPDATE 1-Alberta petrochemical projects get C$500 mln royalty credits

CALGARY, Alberta, Dec 5 (Reuters) - The Canadian

oil-producing province of Alberta will offer C$500 million

($377.84 million) in royalty credits to Pembina Pipeline Corp

and Inter Pipeline Ltd for their petrochemical

projects, the government said on Monday as it seeks to diversify

its ailing economy.

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