PDV Signs Oil Deal With Japan

摘要

The Japan Bank for International Cooper-ation is to extend to state Petroleos deVenezuela (PDV) a $1.5 billion credit linethat will be repaid over five years withVenezuelan crude.Reuters reported that under the deal PDVwill ship 3 million b/d of crude to Japan forfive years, helping Japan make up some ofthe fuel shortfall it faces following the shut-tering of many of its nuclear reactors afterthe earthquake and tsunami earlier this year.