Petro-Canada (PCA.TO: Quote, Profile, Research, Stock Buzz)said on Wednesday that a fire at oil storage tank at a Libyanpetrochemical and refining complex has not affected its fieldoperations in the North African country.

The company, Canada’s No. 4 oil producer and refiner, saidthe fire in a 450,000 barrel oil-storage tank at the Ras Lanufcomplex was not affecting the company’s operations and is notexpected to have a financial impact, according to Petro-Canadaspokesman Tom Carney.

“It’s having no effect on our field production, we areproducing normally,” he said. “The financial impact on us, asfar as we understand, is minimal.”

Carney said the tank is owned by Harouge Oil Operations, ajoint venture with Libya’s National Oil Co, 49 percent owned byPetro-Canada.

Petro-Canada also has a stake in the Ras Lanuf exportterminal.

In June, Petro-Canada signed six long-term exploration andproduction deals with Libya’s state oil company that would seethe joint venture spend $7 billion on an oil fieldredevelopment program and double production to 200,000 barrelsa day over the next five to seven years. (Reporting by Scott Haggett; editing by Rob Wilson)

[Reuters]