Pemex adopted the resolution Monday at a meeting of its board of directors, although it did not indicate the precise stake it would seek to obtain.

The Galician regional government’s president, Alberto Nuñez Feijoo, said April 15 that the idea of Pemex taking an equity interest in a Galician shipyard was proposed at a meeting with Pemex and Mexican government officials in Mexico City.

Nuñez Feijoo said at the time that the shipyard had not yet been determined and added that the specifics of the deal would depend on Pemex and on the company eventually chosen for the transaction.

Hijos de J. Barreras, which is based in the city of Vigo, received an order last year from Pemex to build a floating hotel, or flotel, for Pemex, a deal valued at $190 million.

Navantia, another shipyard, also inked a deal to build another flotel for Pemex for the same amount and with the same characteristics.

Navantia is owned by Spanish state-owned holding company SEPI.

http://www.globalpost.com/dispatch/news/agencia-efe/130501/pemex-studies-acquisition-spanish-shipyard

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Mostly distributed by North Korea’s official Korean Central News Agency, these undated photos reveal how the hermit kingdom wants the outside world to see it.

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