(Recasts with market reaction, background)
By Marianna Parraga
CARACAS (Reuters) - A fire halted shipping from a12 million barrel crude and oil products storage terminal onthe Caribbean island of Bonaire Wednesday, the day after adeadly Mexican refinery blast rattled gasoline and dieselmarkets.
No ships were loading or unloading while the fire at a tankcontaining 200,000 barrels of naphtha was brought undercontrol, said Asdrubal Chavez, head of refining at Venezuela'sstate-run PDVSA oil company, which owns the BOPEC terminal onthe Dutch Antilles island, 50 miles (80 km) north ofVenezuela.
"It was caused by an electrical storm. We are working toput it out. There are no injuries or fatalities. It isdifficult to control the fire," said Chavez, PDVSA's head ofrefining.
There was little initial impact on oil prices, said energyanalyst Phil Flynn of PFGBest Research in Chicago.
"The market reaction has been subdued so far and is likelyto continue to be if it is contained to the naphtha tank -there's really a glut of naphtha out there in the market rightnow," said Flynn.
"But if it spreads to other tanks and crude or gasolinesupplies are impacted and Venezuela loses products, we'relikely to see it lift prices. Tuesday's explosion at theMexican oil refinery certainly raised prices as a lot ofgasoline and other products have been going into LatinAmerica."
A trader who does business with PDVSA said ships anchorednear the terminal had been ordered to move further from theisland for safety reasons.
The Bonaire terminal is an important staging post for fuelexports to China and the United States.
Naphtha is a petrochemical feedstock used in everythingfrom plastic manufacturing to high octane gasoline blending. Itis also sometimes used as fuel for camp stoves. (Additional reporting by David Sheppard in New York; Writingby Frank Jack Daniel; Editing by Marguerita Choy)