FACTBOX: Oil industry looks to recover from Gustav

Wed Sep 3, 2008 3:46pm EDT
 
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(Reuters) - Oil companies were checking offshore rigs, refineries and pipelines for damage after Hurricane Gustav slammed the U.S. Gulf of Mexico coast earlier in the week.

Initial inspections revealed little damage, though full restoration of refining and oil and gas output could take weeks.

The following outlines Gustav's impact on energy sector:

***************************HIGHLIGHTS*************************

*US Gulf refineries at mercy of battered power grid

*13 refineries, 14 pct of US capacity, still shut

*Nearly all Gulf oil, gas shut, "two weeks" to restore

*Louisiana Offshore Oil Port to restart "couple of days."

*Most ports, waterways reopen, Miss. R. still closed

*Exxon's Texas refineries normal, La. still out

*1.33 million customers, 55 pct of Louisiana, lack power

*Venezuelan-owned Citgo to get emergency crude from U.S.

********************CRUDE OIL, NATURAL GAS********************

*100 percent of U.S. Gulf's 1.3 million barrels per day crude output shut

as of Tuesday, according to U.S. government.

*95.4 percent of the Gulf's 7.4 billion cubic feet per day natural gas  Continued...

 

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