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Day-to-day control of the company had passed to Citgo's top U.S. executive, Rick Esser, who with the backing of Venezuela's rising political opposition and the U.S. government would begin clearing ...
A CITGO station in Chicago with the new street image. Fifty percent of Citgo was sold to Petróleos de Venezuela, S.A. (PDVSA) in 1986, which acquired the remainder in 1990, resulting in the current ownership structure.
Petróleos de Venezuela, S.A. (acronym PDVSA, Spanish pronunciation: [peðeˈβesa]) ( English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas. Since its founding on 1 January 1976 ...
Citgo became enmeshed in the case when the U.S. court found its parent PDV Holding - itself a subsidiary of Venezuela's state-owned energy giant PDVSA - liable for the South American nation's ...
Citgo is a subsidiary of the state-owned oil company Petróleos de Venezuela (PDVSA). Overview [ edit ] The executives were arrested on November 21, 2017 and accused of signing an agreement that was "unfavorable" for the Venezuelan subsidiary.
ConocoPhillips moved to bring Venezuelan PDVSA's U.S. refining unit Citgo Petroleum into its legal battles to enforce a $2 billion arbitration award against the South American country's ...
During that time, the state-run firm had categorized the cargo as "floating storage" while fighting Citgo, the intended buyer of the oil, over its ownership. ... PDVSA had denied the vessel Gerd ...
In April 2020, was appointed by Nicolás Maduro to run the troubled state-run oil company Petróleos de Venezuela, S.A. (PDVSA). He is the former president of Citgo, a subsidiary of Venezuela's state oil company PDVSA. He has served as deputy to the National Assembly of Venezuela and Minister of Petroleum and Mining.