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Conoco Reaches Deal to Close Wilhelmshaven Refinery in Germany

ConocoPhillips reached an agreement to close its Wilhelmshaven refinery, allowing it to convert the northern German facility to an oil storage terminal from June 1, a labor representative said.

The workforce of 406 will be reduced to 48 and the U.S. oil company will pay a total of 15 million euros ($22 million) to employees after making the deal yesterday, Vera Ackermann, district manager for the IG BCE union, said today by phone.