View full page at energyexch.com

 

Venezuela opposition will name new Citgo board this week: WSJ

From reuters.com

Venezuela’s self-declared interim president, Juan Guaido, will name a new board for Citgo Petroleum Corp this week, Republican U.S. Senator Marco Rubio told the Wall Street Journal on Wednesday. Citgo, the eighth-largest U.S. refiner and owned by Venezuelan state oil company Petroleos de Venezuela SA (PDVSA), is Venezuela’s top foreign asset. But the United States has imposed sanctions on PDVSA as part of Washington’s bid to pressure Venezuelan President Nicolas Maduro to step down after he was re-elected last year in a vote critics have called a sham. The U.S. actions have, in turn, squeezed Citgo. Venezuela’s ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis