PDVSA unit signs crude carrier maintenance MOU with Argentine shipyard

By OGJ editors

HOUSTON, Aug. 2 -- Petróleos de Venezuela's subsidiary PDV Marina has inked a memorandum of understanding with Argentine shipyard Astilleros Río Santiago for the repairs to oil tankers in PDVSA's fleet.

PDVSA Pres. Alí Rodríguez Araque said that the agreement would promote the internally driven development and help complement the shipbuilding industries of both countries.

The agreement will begin in September 2005, when the tanker Luisa Cáceres de Arismendi will be sent to Argentina for maintenance work. "It is expected that sometime in the future Argentine shipyards could build tankers for the PDV Marina fleet," Rodríguez noted.

Rodríguez added that, during President Hugo Chávez's recent visit to Argentina, he and Argentine President Néstor Kirchner had agreed to the structuring of an alliance between Argentine energy firm Enargas and Interven, a unit of PDVSA. The alliance would enable the two firms to participate in joint energy projects, which would be defined next year.

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