Refinery Disaster Will Be Hit to Venezuela's Oil Industry
Nation may have to start importing oil.
The deadly blast and fire at Venezuela's biggest refinery are bringing financial consequences for the state oil company.
Analysts say that the explosion and fire at the Amuay refinery could mean a financial hit for state-run Petroleos de Venezuela SA by forcing it to further increase imports of fuel for domestic consumption in the aftermath of the disaster.
The refinery remained shut down on Wednesday, a day after firefighters put out the last of the blazes that had raged in fuel tanks since the explosion on Saturday. Officials say the blast killed at least 41 people and injured more than 150.
Hide Comments (0)
Editor's Note: As of February 29, 2024, commenting privileges on reason.com posts are limited to Reason Plus subscribers. Past commenters are grandfathered in for a temporary period. Subscribe here to preserve your ability to comment. Your Reason Plus subscription also gives you an ad-free version of reason.com, along with full access to the digital edition and archives of Reason magazine. We request that comments be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of reason.com or Reason Foundation. We reserve the right to delete any comment and ban commenters for any reason at any time. Comments may only be edited within 5 minutes of posting. Report abuses.
Please
to post commentsMute this user?
Ban this user?
Un-ban this user?
Nuke this user?
Un-nuke this user?
Flag this comment?
Un-flag this comment?