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Thursday, March 24, 2005

At least 14 die in Texas refinery blast

Other people were unaccounted for after the BP refinery blast, which also injured at least 100. The plant in Texas City is BP's largest in America, processing some 470,000 barrels of crude a day, and the explosion occured when the plant was shut down for annual maintenance.

British Petroleum officials said the plant would remain in operation. But within hours of the explosion, oil prices rose 47 cents and BP's share price fell on the New York Stock Exhange.