TSX: ZL

(TSX: ZL).Analyst Conference Call, 8:30-9:30 a.m., EDT- Access the call by dialing 1-800-731-5774- For a replay, call 1-877-289-8525, passcode 21310472# or 416-640-1917,passcode 21310472#. ConocoPhillips also has a 185,000-barrel-per-day refineryin Trainer, Pennsylvania, located on the Delaware River belowPhiladelphia. LUKOIL Americas is a wholly owned subsidiary of LUKOIL,which sells branded gasoline as LUKOIL and Getty. With the recent acquisition of ConocoPhillips premiumassets in New Jersey and neighboring Pennsylvania, access to arefinery would simplify supply logistics. to process its rising oil output aswell as supply the more than 2,000 gasoline stations itcontrols in the U.S. Over the past several years, speculation swirled thatLUKOIL was interested in taking a piece of ConocoPhillips'238,000 bpd Bayway refinery in Linden, New Jersey. They don't have therefining side of it," said Fadel Gheit, an oil analyst withOppenheimer.

"Conoco does not necessarily need the cash but needs thestrategic alliance," Gheit added. "Conoco is going to trade itsdownstream for interest in the upstream." LUKOIL, Russia's second largest oil producer and thecountry's private oil firm, has long been looking for arefinery stake in the U.S. "LUKOIL wants to establish a foothold in the U.S.Theyalready have the marketing aspect of it. eastern coast that will focus on processing Russian crudeblends," the documents said. ConocoPhillips owns a 20 percent stake in LUKOIL, andtogether the two companies own an oil producing venture inRussia's Arctic, making another joint venture likely, industrywatchers said.

"The investment of the Russian company will be attractedfor the construction of a new ConocoPhillips refinery in theU.S. The Kremlin said on Monday, in documents prepared for thevisit of President Barack Obama, that LUKOIL will invest in anew refinery on the U.S East Coast with ConocoPhillips. capacity makes it unlikely that a newrefinery is currently planned but another joint venture, onewhich gives ConocoPhillips access to production of Russian oiland LUKOIL access to refining capacity on U.S soil, could be alikely outcome. (Adds byline, analyst comment) Stocks  |  Russia By Janet McGurty NEW YORK, July 6 (Reuters) - ConocoPhillips Co said onMonday it was not building a new U.S.

refinery despite astatement earlier from Russian partner LUKOIL on a jointinvestment "ConocoPhillips has no plans to build a new U.S refinery,"said Janet Grothe, a spokeswoman for the company Excess U.S. It currently employs more than 36,000individuals in 60 countries. For more information on Avery Dennison, visit. Avery Dennison CorporationJudy Abelman, Copyright Business Wire 2009.