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2008 April 24   07:04

Petroleos de Venezuela takes over State Shipbuilding Company

Petroleos de Venezuela SA, the state energy company, took over the government-owned shipbuilder as part of a plan for Venezuela to build its own oil tankers and offshore rigs.
Diques y Astilleros Nacionales CA, which was previously under control of Venezuela's defense ministry, was transferred to the oil company through a resolution published today in the Official Gazette, the formal record of government actions.
PDVSA, as the oil company is known, wants to expand its fleet as it boosts supply to Asia. The company is having two ships built in Argentina and said last year it would build its own vessels.
Diques y Astilleros Nacionales is more than a century old and is building a naval vessel, according to a Sept. 4 article from the state-run Bolivarian News Agency. Iran will help the Venezuelan shipyard build oil vessels, the Bolivarian said.

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