ALBA Oil Fleet Purchases First Tanker

CARACAS - Periodico 26

TRANSALBA Transport Co. received its first tanker ship, the Petion, named after Haitian national hero Alexandre Petion, announced Petroleos de Venezuela (PDVSA) on Monday.

The company said the Panamex type vessel has a 72,700 ton deadweight, and will be destined to transport crude oil from the refinery in Puerto La Cruz, Venezuela and the Camilo Cienfuegos Refinery in Cuba, reported Prensa Latina.

A second tanker, with the name Sandino, is expected to be delivered in March. By having its own fleet the TRANSALBA transportation costs will drop.

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Nicaragua to Open ALBA Oil Refinery

Managua - PL

The Nicaraguan authorities will open on February 26 the first phase of "The Supreme Dream of Bolivar" oil refinery, announced media on Tuesday.

Multinoticias Canal 4 TV station aired statements by Francisco Lopez, director of state-owned PETRONIC, announcing the conclusion of the first stage of the oil refining complex, which is being built with the help of Venezuela, as part of the Bolivarian Alternative for the People of the Americas (ALBA).

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