PDVSA still negotiating Chinese shipping pact

PETROLEOS de Venezuela, the state oil company known as PDVSA, has yet to finish negotiating an agreement with its Chinese counterparts to set up an oil shipping joint venture, Bloomberg reports.

Talks should be completed in March or April, said Asdrubal Chavez, a member of the PDVSA board of directors. He is also vice president of refining, commer...

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