Venezuela, China to Sign Deal

President Hugo Chavez said Thursday that Venezuela will strike a deal with China for a group of oil tankers when he visits the Asian country later this month.

“We’re going to sign a contract over there with (Chinese) President Hu Jintao so that China will build a group of super tankers,” Chavez said. He said the agreement will also include plans for China to help Venezuela “through cooperation and investments” to build an oil-tanker shipyard in the South American country “as soon as possible.”