QBE-led Venezuelan refinery programmes to escape big loss
Initial fears of a $1bn+ energy loss from a Venezuelan refinery explosion have been allayed, with the market now expecting at worse a modest loss, The Insurance Insider can reveal.
Concerns were raised on Saturday (25 August) morning when it was reported that a blast at one of the world's largest oil refineries had killed more than 20 people - a death toll which has since risen.
The Amuay facility in Falcón State, which produces 645,000 barrels of oil per...
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