SERVICES

Venezuela pledges funds for shipyard

Caracas - Venezuelan President Nicolas Maduro on Sunday pledged funds for a state-owned Argentine shipyard to finish building two long- overdue tankers for state oil company Petroleos de Venezuela

Caracas - Venezuelan President Nicolas Maduro on Sunday pledged funds for a state-owned Argentine shipyard to finish building two long- overdue tankers for state oil company Petroleos de Venezuela , which is struggling with a diminished tanker fleet.

Maduro, a socialist who has overseen a drastic economic collapse in the once-prosperous OPEC nation and stands accused of corruption and human rights violations, did not say how much money Venezuela would provide or when it would be disbursed. But the statement suggests he sees left-leaning Alberto Fernandez’ victory in last month’s Argentine presidential election as an opening to revive the construction. He accused current President Mauricio Macri, an outspoken Maduro critic, of “sabotage” to delay the tankers’ completion, without evidence. “Macri, who hates us and fears us at the same time, stopped everything,” Maduro told a gathering of leftist organizations in Cuba. “There’s a new president. I’ll tell you: Venezuela has the resources and is ready to invest and finish those two ships.”

Maduro added that he had not been aware of the situation until union leaders from the Rio Santiago shipyard building the tankers - who also attended the Havana summit - approached him in a restaurant this weekend. Representatives for Macri and Fernandez did not immediately respond to requests for comment. Maria Eugenia Vidal, a close Macri ally and outgoing governor of Buenos Aires province, which owns the shipyard, has said she would rather spend money on schools than subsidize it.

(Read more)

Pressed for time?

Get the best news of the week in your inbox

Subscribe ››