Venezuela's state shipping company has signed a deal to buy 10 Aframax oil tankers worth $700 million from Russia's United Shipbuilding Corporation (USC), USC's Igor Ryabov said on Wednesday.
"The agreement is for delivery of ten ships to Venezuela by 2016," Ryabov told RIA Novosti.
Three tankers will be built at Daewoo plants in South Korea, three will be built in Russia with the help of Daewoo engineers and four in Russia without assistance, he said.
Daewoo will also help build a Zvezda-DSME shipyard at the Zvezda plant in Russia's Far East in 2012-2015 to build Aframax tankers there, Ryabov added.
Aframax tankers, used for crude oil transportation, have a deadweight of 100,000 tons, length of over 250 meters, breadth of over 45 meters and maximum draft of 15 meters.
MOSCOW, September 22 (RIA Novosti)