Venezuela Sets Up PDVSA to Build Rigs, Tankers

DIANCA, or Diques y Astilleros Nacionales, will be handed over to Petroleos de Venezuela (PDVSA), which will allow the South American state-run oil company to build its own oil rigs and tankers, according to Venezuelan news sources.

In June 2006, PDVSA commissioned or agreed to commission 42 new ships, which signaled the expansion of DIANCA into areas such as Argentina, Brazil, China and Iran.

The overtaking of DIANCA by PDVSA was approved by the government in a resolution passed April 23.

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