ConocoPhillips' refinery in Billings, Mont., will remain a key asset after the company completes the spinoff of its refining business, said Rex Bennett, Conoco's president of strategy, integration and specialty businesses. "It's the only refinery we have in the Rockies. We have transportation and marketing infrastructure, and we have advantaged crude. It's a very good niche, and we're investing in the facility," Bennett said.
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