With full ownership of Citgo, PDVSA at its peak controlled 10% of the US domestic oil market, creating a lucrative export chain from Venezuelan oil to American consumers, [citation needed] as the two largest buyers of Venezuelan petroleum are the United States and China, respectively.

2024年10月4日 · Venezuela has officially lost its most prized international asset: Citgo Petroleum, the 807,000-bbl/d U.S. refining arm of state-owned Petróleos de Venezuela (PDVSA).

2024年4月18日 · In fact, Venezuela happens to control the largest proven oil reserves in the world, and Houston based Citgo, one of the ten largest American oil refiners, owns three US refineries and many...

2023年10月22日 · For the past four years, the United States protected oil refiner Citgo Petroleum from creditors seeking to seize Venezuela's foreign crown jewel for billions of dollars in claims. But on...

2024年10月9日 · Holders of billions of dollars in Venezuelan bonds and notes have emerged as last-minute protagonists in a U.S. court case set to decide the ownership of oil refiner Citgo Petroleum,...

2024年9月27日 · A firm backed by Elliott Investment Management was named on Friday as the leading contender to acquire Citgo Petroleum, the oil refining giant that has been the subject of a long legal battle...

2024年6月17日 · A subsidiary of Venezuela’s state oil company PDVSA, CITGO owns more than 4,000 service stations and three refineries with a combined processing capacity of 769,000 barrels per day (bpd). The Corpus Christi (Texas) refinery is allegedly seen as the firm’s most desirable asset by interested parties.

2024年1月19日 · A U.S. court on Friday approved claims by 17 Venezuela-linked creditors, including ConocoPhillips, Rusoro Mining and Koch Industries, to get proceeds from a coming auction of shares in the parent...

2023年9月26日 · Venezuela is reeling from the largest economic contraction in the modern history of the Western hemisphere. Citgo, whose refineries are tailored to process Venezuelan oil, could play an...

2023年10月23日 · Venezuela is entering the final stage of a long legal battle in which its most valuable foreign asset, Citgo Petroleum Corp., will be auctioned off to settle claims against the government and...