Union workers at Phillips 66 Co.'s 173,000 b/d Wood River refinery in Illinois approved a new contract late Wednesday, averting a potential strike.

The plant is owned by Phillips 66 and Cenovus Energy Inc. and is operated by Phillips.

A majority of the refinery's 370 union laborers voted to accept the proposal. The union rejected the contract in July, then began federally mediated talks with Phillips.

The refinery is one of the largest producers of gasoline and diesel in the Midwest.

There have been threats of strikes in various other U.S. refineries and management can typically step in to operate plants when workers walk off the job.

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

--Reporting by Tom Kloza, tkloza@opisnet.com; Editing by Jeff Barber, jbarber@opisnet.com

(END) Dow Jones Newswires

September 14, 2023 09:51 ET (13:51 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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