Economics

Venezuela Refinery Fire Extinguished

One of the deadliest oil industry accidents in years.

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Firefighters have extinguished three oil tank blazes at Venezuela's biggest refinery, news reports say.

The fires at the Amuay refinery began after an explosion there on Saturday which killed 48 people and injured dozens more.

The blaze at the installation, which produces 645,000 barrels of oil per day, was among the most deadly oil industry accidents in recent years.

Venezuelan President Hugo Chavez has pledged a fund for clean-up operations.