US oil major ConocoPhillips plans to spend $1.4 billion to acquire and improve a German refinery that will significantly boost its capacity in Europe, the company said Wednesday.
The company said it plans a deep conversion project and other capital improvements in the Wilhelmshaven plant.
Conoco will spend as much as $5 billion between 2006 and 2011 to increase refinery capacity and utilization worldwide.
US oil major ConocoPhillips plans to spend $1.4 billion to acquire and improve a German refinery
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