ConocoPhillips to upgrade German refinery

Nov. 30, 2005 at 5:13 PM
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HOUSTON, Nov. 30 (UPI) -- Houston-based energy company ConocoPhillips said Wednesday it will invest about $1.4 billion on its newly acquired Wilhelmshaven, Germany, refinery.

Part of the money will go toward a "deep conversion" project designed to boost the facility's output of high-value products from low-quality crude oil.

"Wilhelmshaven is an excellent platform for the deep conversion project that will allow us to take the refinery from its current status as a low complexity refinery to a high complexity refinery," said Jim Nokes, executive vice president, refining, marketing, supply and transportation.

"We will work with the German authorities to secure the necessary support and permits to enable us to make these improvements."

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