	pdvsa to sign champlin refinery deal march petroleos de venezuela s a said it will sign a contract march to buy a half interest in a corpus christi texas refinery and related operations the contract to be signed by pdvsa and champlin petroleum s parent company the union pacific corp unp will create a new joint venture called champlin refining the state oil company said pdvsa will pay on the order of mln dlrs for the half interest in champlin energy minister arturo hernandez grisanti said wednesday the cost would be mln dlrs in cash plus an additional mln in  and refined oil shipments pdvsa and union pacific have sought a line of credit from a group of north american and japanese banks to finance the new company s working capital the venezuelan company said under the deal pdvsa will supply up to barrels a day to the refinery with the option to place bpd more mostly gasoline and distillates through champlin s distribution system in u s states the new company will be directed by a six member board with three representatives each from pdvsa and union pacific reuter 
