PetroChina says refinery fire in Dalian put out

Black smoke rises after a fire broke out at Petrochina refinery facilities in Dalian in China's Liaoning province, Monday, Aug. 29, 2011. The fire at Petrochina, China's biggest oil and gas producer, the second blaze in two months, was extinguished with no reports of injuries, the company said. (AP Photo) CHINA OUT

Black smoke rises after a fire broke out at Petrochina refinery facilities in Dalian in China's Liaoning province, Monday, Aug. 29, 2011. The fire at Petrochina, China's biggest oil and gas producer, the second blaze in two months, was extinguished with no reports of injuries, the company said. (AP Photo) CHINA OUT

Black smoke rises from a Petrochina refinery after a fire broke out at its facilities in Dalian in China's Liaoning province, Monday, Aug. 29, 2011. The fire at Petrochina, China's biggest oil and gas producer, the second blaze in two months, was extinguished with no reports of injuries, the company said. (AP Photo) CHINA OUT

SHANGHAI (AP) ? Firefighters fought three hours to put out a blaze Monday at a major petrochemical refinery in the northeastern Chinese city of Dalian, the second fire in two months at the facility, police and the company said.

State-owned PetroChina, China's biggest oil and gas producer, said the fire occurred in a diesel tank containing 800 tons of fuel at its subsidiary Dalian Petrochemical, but any that escaped had been channeled into an emergency storage pool.

Nearly 300 firefighters and 65 fire engines were summoned to battle the blaze, caused by an explosion in a pipeline linking two fuel tanks, police said in a statement. Some firefighters remained to guard against any further trouble, given the risk of explosion due to nearby tanks of aviation fuel, liquefied petroleum gas and other materials, it said.

A fire in mid-July at the same refinery forced the company to suspend operations of some of its units.

Dalian was the site of China's biggest known oil spill, when a pipeline explosion put at least 1,500 tons (461,790 gallons) of oil into the sea in July 2010.

The city recently saw protests by some 12,000 people demanding the removal of a chemical factory making paraxylene. In the face of such a rare but bold show of public dissatisfaction, the authorities agreed to move the plant out of the downtown area.

The protest was mounted after waves from Tropical Storm Muifa last week broke a dike guarding the plant and raised fears that floodwaters could release toxic chemicals.

Recent oil spills in Bohai Bay, offshore from Dalian, have further raised concern over environmental risks from the region's energy and chemicals industries, with government officials threatening legal action against ConocoPhillips China, which operates wells in the affected oil field with another big state energy company, CNOOC.

CNOOC's refinery at Daya Bay, in Huizhou, halted operations in several of its production lines after a fire broke out in its aromatics unit on July 11.

PetroChina's statements, posted on its website, emphasized that Monday's fire did not cause any pollution. Local government officials refused comment and calls to the refinery went unanswered.

Dalian, a relatively well-planned, modern port city of over 6 million, has seen growing friction between economic planners counting on big industries like petrochemicals to help power growth, and residents desiring a healthy environment.

Downtown factories are a hot-button issue for educated Chinese and many cities, including Beijing and Shanghai, have closed down steel mills, shipyards and refineries and shifted them into the suburbs.

Petrochemicals already account for half of Dalian's tax revenue, according to the city government, and city plans call for further expanding refineries into a regional oil products base.

The fires at the Dalian refinery have also raised concern over safety standards in the industry, as petrochemical companies struggle to preserve profit margins despite surging costs for crude oil and other raw materials.

___

AP researcher Fu Ting contributed.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/f70471f764144b2fab526d39972d37b3/Article_2011-08-29-AS-China-Refinery-Fire/id-a4d0803993ee4f9b9bc642186ba716cc

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Increasing the Number of RSS Subscribers to Your Blog | Topics Info ...

It doesn?t take much effort or work to begin and run your own blog today but in terms of getting and then keeping blog subscribers?that?s more complicated. You have lots of options for getting RSS subscribers but there?s no rule that says all of those options need to work for you. In this article we will highlight three methods for increasing your blog?s RSS subscriber numbers?of course, the only way to find out if the methods will work for you is to test them out. Ready to get started?

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Car Finance With Bad Credit Is Possible | How to negotiate debt

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Source: http://www.howtonegotiatedebt.org/how-to-negotiate-debt/car-finance-with-bad-credit-is-possible

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Easy Steps To Make PPC Marketing Easy | Money Making Online ...

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

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Health Supplements for Healthy living | Physical Fitness Workout

Article by Daisy Wilson

Health supplements are referred to as a preparation of essential nutritive elements intended to fulfill the energy requirements of the body. Human body requires a variety of nutrients everyday like vitamins, minerals, fiber, amino acids in specific quantities. Health or dietary supplements contain fixed amount of these nutritional elements which when consumed in accurate proportions result in good health of an individual.

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Source: http://www.physicalfitnessworkout.com/health-supplements-for-healthy-living/

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FDIC objects to BofA's $8.5B mortgage deal

NEW YORK?? The FDIC and more than three dozen other investors on Monday lodged objections to Bank of America Corp's $8.5 billion settlement of claims over losses on mortgage-backed securities, joining a growing list of investors and regulators that are challenging the accord.

In its filing with the U.S. District Court in Manhattan, the FDIC said it is "the receiver of numerous banks and owner of many certificates" issued by many of the 530 mortgage pools of the former Countrywide Financial Corp that the settlement covers.

The FDIC, whose full name is the Federal Deposit Insurance Corp, said it is intervening because it does not have enough information to evaluate the settlement.

Other investors that objected Monday included a variety of banks, insurers and investment funds. Among them are Jeffrey Gundlach's money management firm Doubleline Capital LP, and the banking unit of Wayne, New Jersey's Valley National Bancorp .

Bank of New York Mellon Corp, the trustee handling the 530 trusts with $174 billion of unpaid principal balances, had negotiated the settlement with 22 institutional investors including the Federal Reserve Bank of New York, BlackRock Inc and Allianz SE's Pimco.

The June 29 accord was intended to resolve much of Bank of America's remaining legal liability tied to its 2008 purchase of Countrywide, once the nation's largest mortgage lender.

But dozens of investors who did not negotiate but would be bound by the accord have said the payout is too low, or that they lack enough information to know whether it is fair. Two state attorneys general, New York's Eric Schneiderman and Delaware's Beau Biden, also have expressed objections.

A New York state judge is scheduled to consider whether to approve the settlement on Nov. 17, but some investors want the case handled in federal court.

Bank of America spokesman Lawrence Grayson said that bank believes the trustee acted reasonably, and that there are "compelling reasons" for the settlement to be approved. Bank of New York Mellon spokesman Kevin Heine did not immediately respond to an email request for comment.

The state case is In re: The Bank of New York Mellon, New York State Supreme Court, New York County, No. 651786/2011. The federal case is The Bank of New York Mellon et al v. Walnut Place LLC et al, U.S. District Court, Southern District of New York, No. 11-05988.

Copyright 2011 Thomson Reuters. Click for restrictions.

Source: http://www.msnbc.msn.com/id/44320883/ns/business-us_business/

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