Order Placed with China for Tankers

Thursday, May 11, 2006
Petroleos de Venezuela SA said it will buy 18 oil tankers from China for $1.3b as South America's largest oil firm seeks to boost exports to Asia. Orders for the tankers were placed with China State Shipbuilding Corp., and China Shipbuilding Industry Corp., a Petroleos de Venezuela spokesman said. A timetable wasn't provided for deliveries.

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