January 7, 2008   PETROLEOS DE VENEZUELA: Inks US$190-Mln Contract with Cameron Business Journal reports that Petroleos de Venezuela SA has entered into a US$190 million subsea equipment and services contract with Cameron International Corp.  The agreement includes 10 subsea Christmas trees and other equipment, along with engineering and project management services, for PDVSA's Dragon and Patao natural gas development projects. Cameron is expecting that the first installment of equipment will be delivered in early 2008 and continue through 2009, Business Journal adds. Petroleos de Venezuela SA -- http://www.pdv.com/ -- is Venezuela's state oil company in charge of the development of the petroleum, petrochemical and coal industry, as well as planning, coordinating, supervising and controlling the operational activities of its divisions, both in Venezuela and abroad.  The company has a commercial office in China.                        *     *     * As reported on March 28, 2007, Standard & Poor's Ratings Services assigned its 'BB-' senior unsecured long-term credit rating to Petroleos de Venezuela S.A.'s US$2 billion notes due 2017, US$2 billion notes due 2027, and US$1 billion notes due 2037.
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