Thursday 15 March 2012

ConocoPhillips looks to sell Pa. refinery

NEW YORK (AP) — ConocoPhillips says it is looking for buyers for its oil refinery in Pennsylvania.

Like other East Coast refineries, the Trainer, Pa. facility has struggled to compete with foreign imports, weak fuel demand, and stringent regulations that make the refining business more costly.

Willie Chiang, Conoco senior vice president, said in a statement that the company decided to sell the …

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