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01.22.2008 11:39 am

ConocoPhillips buys stake in Canadian oil pipeline

St. Louis Post-Dispatch

ConocoPhillips has purchased a 50 percent stake in a $5.2-billion crude oil pipeline that will link the Wood River refinery in Roxana with an oil-producing region in northwest Canada.

Houston-based ConocoPhillips, the nation’s second-largest refiner, committed in November 2005 to ship oil on…

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