Firefighters managed to extinguish one of three burning storage tanks at Venezuela's biggest refinery on Tuesday, President Hugo Chavezsaid, in line with the authorities' target to restart the facility by the end of the week.
Chavez broke the news in a series of pre-dawn Tweets, saying the fire at one tank at the Amuay refinery had been put out, while the intensity of the blaze in one of the other two had fallen by 75 percent.
"We continue battling with our heroic firefighters from (state oil company) PDVSA," he said, adding that he was talking by telephone with Energy Minister Rafael Ramirez at the scene.
"With God's help, we will succeed!"
Ramirez told Reuters in an exclusive interview on Monday that the 645,000 barrel-per-day facility could restart operations on Friday, and that the three burning tanks would be extinguished within two days.
An explosion on Saturday at Amuay killed 48 people and pushed up U.S. fuel prices in markets that were already bullish because of a threat that Tropical Storm Isaac could disrupt refinery operations on the U.S. Gulf Coast.
Ramirez said Venezuela currently had no plans to import fuel, and that the rise in U.S. gasoline prices would not last.
Vessels were delivered to port of Alexandria on June 17
The economic cost of violence according to the 2015 Global Peace Index has reached a staggering $14.3 trillion with Syria the least peaceful country.
The leading opposition lawmaker has said that Turkish President Erdogan is open to all possiblities for a coalition.
Qatar has filed a lawsuit against the leader of the National Front in France for his comments regarding "terror" activities.
Saudi Arabia will put in place an electronic bracelet system for all pilgrims visiting the country to perform their Hajj duties.
After U.S. Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates, European stock markets fall.
Italian company Enel will invest 18 billion euro for renewable energy sources in Africa.
Azerbaijani president said in a statement that Southern Gas Corridor project will supply neighboring and European countries for a 100 years
Oil prices rose above $60 due to Iran's call for oil production cut
Economic growth in the Euro-Zone is not at desired levels.
Director and Global Head of Islamic Finance at Standard & Poor's says that growing market for sukuk and new players mark 'significant interest' in Islamic finance.
The Ministry of Finance said that Denmark has written to China to "announce its intention to apply to be a founding member" of the AIIB.
Experts state that the crisis poses risks to the region, which is significant for oil production and exports in the world.
Federal Reserve removes word 'patient;' interest rate increase expected within months. Yellen says timing of rate rise 'not decided,' but will come anytime after April; holds current rates at 0 to 0.25 pct.
Many emerging-market currencies have fallen against the dollar in recent weeks
Anticipated Federal Reserve interest rate hikes making dollar strong against most emerging market currencies, Deputy Prime Minister Ali Babacan says.