Chevron and labor unions have struck a deal on proposed upgrades for the company's refinery in Richmond, Calif., which is expected to cost about $1 billion. "The project improves the refinery's ability to process higher sulfur crudes, without changing the refinery's capacity to process crude blends in the intermediate-light gravity range," said Melissa Ritchie, a spokeswoman for Chevron. About 1,000 construction jobs will also be generated from the project, the company added.

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