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Venezuela: refinery to restart in two days after fire
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Venezuela »
A man scavenges through the debris as fire is seen in the affected area after an explosion at Amuay oil refinery in Punto Fijo in the Peninsula of Paraguana August 25, 2012. An explosion tore through Venezuela's biggest oil refinery on Saturday, killing at least 26 people, wounding more than 50 and halting the facility's operations in the OPEC nation's worst industrial accident in recent memory.
Credit: Reuters/Gil Montano
CARACAS |
Sun Aug 26, 2012 11:44am EDT
CARACAS (Reuters) - Venezuela's biggest oil refinery remains on track to restart operations within two days, the energy minister said on Sunday, a day after a deadly explosion and fire at storage tanks forced the facility to halt operations.
Energy Minister Rafael Ramirez said on state TV that the fire was now contained in two storage tanks, and he reiterated that no production units had been affected by Saturday's pre-dawn disaster at the 645,000-barrel-per-day Amuay refinery.
At least 39 people were killed by the blast, and dozens more were wounded in the worst ever accident to hit the Venezuelan oil industry.
The incident is likely to have little impact on world fuel prices because Venezuela can use its existing fuel stocks to supply the South American country's domestic market, as well as maintain exports.
Venezuela has traditionally been a key supplier of fuel to the United States, but U.S. reliance on the OPEC nation has declined sharply over the last five years due in part to repeated unplanned outages at Venezuelan refineries.
In the first five months of 2012, the United States imported just over 50,000 bpd of fuel from Venezuela, down from nearly 290,000 bpd in 2005, according to data from the U.S. Energy Information Administration. Venezuela still ranks among one of the top five suppliers of crude oil to the United States.
(Reporting by Daniel Wallis and Matthew Robinson; Writing by Brian Ellsworth; Editing by Jackie Frank)
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