Venezuelan president Nicolas Maduro has said he will revive an order for two tankers contracted 11 years ago in Argentina.

He pledged state funds to finish the delayed ships ordered by state oil company PDVSA at Astilleros Rio Santiago (ARS) in Ensenada.

Maduro did not provide further details but commentators said he may view the election of left-leaning Alberto Fernandez as president of Argentina last month as a chance to revive the deal.