Analysts: Financial impacts after Venezuela blast

Oil   Oil
By Fabiola Sanchez on August 30, 2012

CARACAS, Venezuela (AP) — The deadly blast and fire at Venezuela's biggest refinery are prompting critics to question whether the state oil company has been neglecting maintenance while helping fund government programs under President Hugo Chavez.

Analysts say the disaster at the Amuay refinery could also mean a financial hit for state-run Petroleos de Venezuela SA by forcing it to further increase imports of fuel for domestic consumption.

Tags: 
President Hugo Chavez
Amuay refinery
Petroleos de Venezuela
Prosecutor General Luisa Ortega
PDVSA
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