Russia's LUKOIL to invest in new US refinery

Russia’s LUKOIL will invest in a new refinery on U.S. eastern coast together with its partner ConocoPhillips, the Kremlin said in documents on Monday prepared for the visit of U.S. President Barack Obama.

“The investment of the Russian company will be attracted for the construction of a new ConocoPhillips refinery on U.S. eastern coast that will focus on processing Russian crude blends,” the documents said.
Reuters