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). The final auction price went ...
Amber won out over other suitors interested in wresting control of Citgo from Petroleos de Venezuela SA, Venezuela’s state-owned oil company. The sale is intended to satisfy Venezuela creditors ...
The sale is unlikely to directly affect operations at more than 4,000 independently owned gas stations that use the Citgo brand as franchisees. Amber Energy said Friday that it intended to keep ...