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Citgo is a US-based refiner and marketer of fuels, lubricants and petrochemicals, majority-owned by PDVSA, a Venezuelan state-owned company. Learn about its origins as Cities Service, its mergers and acquisitions, its products and services, and its controversies.
Clark Brands is a public company that licenses the Clark brand to independent gas stations in 32 states. It started as a single filling station in Wisconsin in 1932 and became a major refiner and marketer in the Midwest before being acquired by other firms.
Lemont Refinery is an oil refinery in Romeoville, Illinois owned and operated by Citgo Petroleum Corporation.Originally constructed in the early 1920s, it was reconstructed between 1968 and 1970 by its then owner Union Oil [1] and has a current crude processing capacity of 177,000 barrels per day. [2]
Citgo Petroleum Corp, the U.S. refining arm of Venezuela's state oil company, is accumulating hundreds of millions of dollars in cash it may not be able to pay out as dividends for at least a year ...
In a two-part transaction, Lyondell negotiated a 25-year CSA with PDVSA to supply 240 MBD of heavy Venezuelan crude to the refinery, and PDVSA's wholly owned U.S. subsidiary Citgo agreed to invest in the refinery expansion project in exchange for partial ownership of the refinery. Initially estimated to cost $500 million, the refinery expansion ...
PDVSA is the largest oil and gas company in Venezuela, with activities in exploration, production, refining and exporting. It has faced political and economic challenges, such as nationalization, corruption, strikes, and low production.
Its undoing as an independent company began in 1982 when T. Boone Pickens, [37] an Amarillo, Texas, oilman and corporate raider (or greenmailer), and owner of Mesa Petroleum, made an offer for the comparatively larger (but still considered "non-major" oil company) Cities Service Company (more generally known by the name Citgo) from Tulsa ...
Sinclair Oil Corporation was an American petroleum company founded in 1916 and known for its green Brontosaurus dinosaur logo. The logo was based on the idea that oil came from dinosaur fossils, and was used in various products and promotions, including a World's Fair exhibit in 1933.
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