CARACAS -(Dow Jones)- Brazil’s national development bank, or BNDES, agreed Monday to provide Venezuela’s state oil company with $637 million in financing for the construction of an oil tanker shipyard, according to Venezuelan state media.
Brazilian construction group Andrade Gutierrez will join Petroleos de Venezuela SA in building the facility, which will be located on the Araya Peninsula of Venezuela’s Sucre state. The shipyard will produce tankers for the delivery of Venezuelan oil to the Asian market.
The agreement was one of several announced Monday during a visit by Venezuelan President Hugo Chavez to Brazil. Chavez and Brazilian counterpart Dilma Rousseff had their first official meeting since Rousseff took office in January.
(Bloomberg) — Ukraine’s fight against Russia’s invasion has entered a new phase, pitting homegrown drone technology against a 2,000 kilometer (1,200 mile) swathe of largely Soviet-era oil facilities. At least...
March 19 (Reuters) – Tanker company Euronav will exit Belgium’s blue-chip Bel-20 index after just two days of trading, as it no longer meets the membership conditions after its takeover by Compagnie Maritime...
MOSCOW, March 19 (Reuters) – The new head of Russia’s Navy was formally presented in his new role for the first time on Tuesday at a pomp-filled ceremony, the state RIA news agency reported,...
March 19, 2024
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