Watching the World: Explosion hits Ufa refinery

Bashkortostan’s oil industry could be facing big trouble after an explosion at the 130,000-b/d Novo-Ufimsk refineryWithin hours, crude oil prices increased on concerns about a disruption to supply in Russia.“A gas line exploded….We do not know the causes, and no victims have been found,” said a spokesman for Russia’s Emergency Situations Ministry. The explosion occurred on July 26 near Bashkortostan’s capital Ufa in the southern Urals and “was followed by a powerful blaze,” the official said.Bashkortostan’s oil industry is important to Russia, and the refinery is no exception.The refineryNovo-Ufimsk, controlled by the government of Ba...

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