Argentina to repair PDVSA tankers

Venezuela will send two oil tankers to an Argentine shipyard for maintenance this year under a new bilateral energy cooperation pact. This announcement was made by Ali Rodriguez, president of Petroleos de Venezuela S.A (PDVSA), Venezuela’s state oil company.

The first tanker will be sent to Argentina’s Rio Santiago shipyard in September for maintenance work costing several millions of dollars. This news follows an earlier report that PDVSA has promised to order as many as eight new oil tankers to help Argentina revive its shipbuilding industry.