Phillips 66 to form MLP, sets 2013 budget at $3.7 bln
December 13, 2012 at 07:56 AM EST
Dec 13 (Reuters) - U.S. refining company Phillips 66 expects 2013 capital spending to rise to $3.7 billion, and said it intends to contribute some of its oil and gas transportation assets to form a master limited partnership.
