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Report: Bavarian refinery owner declares force majeure after explosion and fire

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Report: Bavarian refinery owner declares force majeure after explosion and fire

A Sept. 1 explosion and fire at the 120,000 barrel-per-day BAYERNOIL Raffineriegesellschaft mbH refinery in Vohburg, Germany, will interrupt fuel deliveries from the facility for several weeks, a Varo Energy B.V. spokeswoman told Reuters on Sept. 3.

CNN reported Sept. 1 that the early morning disaster forced about 1,800 residents from their homes.

Bayernoil stated the fire had been brought under control the same day and that through Sept. 3, all but two of the 15 people that had received medical care had returned home. The company is still investigating the cause of the fire.

Acording to S&P Global Platts, Varo Energy owns a 45% stake in the facility, while Rosneft Oil Co. PJSC owns a 25% stake. Eni S.p.A. and BP PLC own 20% and 10% stakes, respectively.

S&P Global Platts and S&P Global Market Intelligence are owned by S&P Global Inc.