PDVSA orders tankers from Argentina

Petroleos de Venezuela SA (PDVSA) has ordered two product tankers from a shipyard in Argentina at a cost of $120 million according to Norwegian shipbroker Fearnleys AS. The 75,000DWT tankers will be built at the Buenos Aires-based Astilleros Rio Santiago and delivered to PDVSA’s shipping unit, PDV Marina, in 2007.