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Pdvsa unit building double hull tanker fleet. (Petroleos de Venezuela S.A., PDV Marina)

The Oil and Gas Journal

| May 24, 1993 | COPYRIGHT 2003 PennWell Publishing Corp. (Hide copyright information)Copyright

Government owned Petroleos de Venezuela SA (Pdvsa) has begun building a double hull tanker fleet to meet tightened U.S. shipping standards.

Its first such tanker, the 86,000 dwt Zeus, was delivered in January to PDV Marina after construction in a South Korean shipyard. Pdvsa formed PDV Marina 6 months ago.

Pdvsa said it is "not going to delegate responsibility for crude shipments" to the huge U.S. market.

Farouk Alireza, a senior executive of PDV Marina, was quoted by the Caracas Daily Journal as saying, "We regard the relationship between Venezuela as a supplier of crude and the U.S. as a market as a very special one," OPEC News Agency reported. …

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