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Tag: Citgo Petroleum

Citgo Reports 1Q:22 Net Income of $245mn
Latin America and Caribbean North America USA Venezuela

Citgo Reports 1Q:22 Net Income of $245mn

ENERGY ANALYTICS INSTITUTE (EAI)17 May 202217 May 2022
(Citgo, 17.May.2022) — Citgo Petroleum Corporation reported net income of $245mn for the first quarter 2022, compared to net income of $21mn for the fourth quarter of 2021 and a loss of $(180)mn for the first...
Stephen McNabb Appointed Citgo Treasurer
Latin America and Caribbean North America USA Venezuela

Stephen McNabb Appointed Citgo Treasurer

ENERGY ANALYTICS INSTITUTE (EAI)11 May 202217 May 2022
(Citgo, 11.May.2022) — Citgo Petroleum Corporation named Stephen McNabb the company's new Treasurer, where he will oversee liquidity management and the company's capital structure, manage financial risk and insurance, steward bank relationships and...
NRGBriefs: Trinidad’s Fuel Subsidy; Citgo Giusti Departure; “Almost Out of the Faja”
Canada Latin America and Caribbean North America Trinidad and Tobago USA Venezuela

NRGBriefs: Trinidad’s Fuel Subsidy; Citgo Giusti Departure; “Almost Out of the Faja”

ENERGY ANALYTICS INSTITUTE (EAI)12 April 202211 May 2022
(Energy Analytics Institute, 12.Apr.2022) — Energy briefs including Trinidad and Tobago’s Finance Minister Colm Imbert commented 12 Apr. 2022 on Twitter about the twin-island country’s fuel subsidy; NewGold announcing plans...
Citgo Chairman Luis Giusti (Jr.) Ousted After Less Than a Year in Job
Latin America and Caribbean North America USA Venezuela

Citgo Chairman Luis Giusti (Jr.) Ousted After Less Than a Year in Job

ENERGY ANALYTICS INSTITUTE (EAI)11 April 202212 April 2022
(Bloomberg, 11.Apr.2022) — Citgo Petroleum Corp., the U.S. oil refiner controlled by the Venezuelan opposition, ousted chairman Luis Giusti Lugo less than a year after appointing him. Giusti, a 24-year...
NRGBriefs: Mexicans Back a Recall Election Vote; Neuquén Officials on Houston Roadshow
Argentina Colombia Ecuador Latin America and Caribbean Mexico North America USA

NRGBriefs: Mexicans Back a Recall Election Vote; Neuquén Officials on Houston Roadshow

ENERGY ANALYTICS INSTITUTE (EAI)11 April 202212 April 2022
(Energy Analytics Institute, 11.Apr.2022) — Energy briefs including approximately 90% of Mexican citizens voting this past weekend to back a recall election that would allow President Andrés Manuel López Obrador...
Citgo Enters 2022 With Strong Momentum
Latin America and Caribbean North America USA Venezuela

Citgo Enters 2022 With Strong Momentum

ENERGY ANALYTICS INSTITUTE (EAI)31 March 20224 April 2022
(Citgo, 31.Mar.2022) — Citgo Petroleum Corporation reported its 2021 fourth quarter and year-end financial results. For the fourth quarter of 2021, Citgo generated net income of $21mn, EBITDA (1) of $236mn and adjusted EBITDA...
Bob Kent Joins Citgo Board of Directors
North America USA

Bob Kent Joins Citgo Board of Directors

ENERGY ANALYTICS INSTITUTE (EAI)16 March 202218 March 2022
(Citgo, 16.Mar.2022) — The Citgo Petroleum Corporation Board of Directors announced that Bob Kent has been appointed to the Board of Directors. "Bob Kent brings more than 40 years of refining experience...
NRGBriefs: YPF’s 4Q:21 and FY:21 Webcast; Citgo Sales Process Moving Forward
Argentina Colombia Ecuador Guyana Latin America and Caribbean North America USA Venezuela

NRGBriefs: YPF’s 4Q:21 and FY:21 Webcast; Citgo Sales Process Moving Forward

ENERGY ANALYTICS INSTITUTE (EAI)2 March 202215 April 2022
(Energy Analytics Institute, 2.Mar.2022) — Energy briefs including Frontera spudding its first exploration well in the Espejo Block in Ecuador; Argentina's YPF holding its 4Q:21 and FY:21 webcast to discuss...
NRGBriefs: University of Guyana Students Invited to Oil Conference
Argentina Brazil Chile Guyana Latin America and Caribbean North America USA

NRGBriefs: University of Guyana Students Invited to Oil Conference

ENERGY ANALYTICS INSTITUTE (EAI)17 February 20222 March 2022
(Energy Analytics Institute, 17.Feb.2022) — Energy briefs including Atlas Renewable Energy securing financing with BNB for the construction of Lar do Sol – Casablanca II Solar Plant in Brazil; and...
US Extends Citgo Protection
North America USA

US Extends Citgo Protection

ENERGY ANALYTICS INSTITUTE (EAI)21 January 202221 January 2022
(AFP, 21.Jan.2022) — The US Treasury on Thursday extended by one year a rule that shields Citgo, a US-based unit of Venezuela's state-owned oil company PDVSA, from being seized by creditors,...
NRGBriefs: CSI Compressco Cash Distribution
Latin America and Caribbean North America USA Venezuela

NRGBriefs: CSI Compressco Cash Distribution

ENERGY ANALYTICS INSTITUTE (EAI)21 January 20225 February 2022
(Energy Analytics Institute, 21.Jan.2022) — Energy briefs including CSI Compressco LP’s (NASDAQ: CCLP) BODs of its general partner declaring a cash distribution attributable to the 4Q:21; and PDVSA’s US refining arm...
Citgo 6 Remain Pawns In A US-Venezuela Standoff
Latin America and Caribbean North America USA Venezuela

Citgo 6 Remain Pawns In A US-Venezuela Standoff

ENERGY ANALYTICS INSTITUTE (EAI)26 November 202129 November 2021
(CNN, 26.Nov.2021) — The phone connection between a Venezuelan prison cell and Houston, Texas, crackles and fades. Jorge Toledo sounds tired. He's been held for four years, one of six...
Houston-based Citgo Reports 3Q:21 Results
Latin America and Caribbean North America USA Venezuela

Houston-based Citgo Reports 3Q:21 Results

ENERGY ANALYTICS INSTITUTE (EAI)15 November 202111 April 2022
(Citgo, 15.Nov.2021) — Citgo Petroleum Corporation reported its third quarter 2021 financial results, including a net loss of $4mn, compared to net income of $3mn for the second quarter. Marking...
Venezuela Asset Debacle Splits Guaidó Camp
Latin America and Caribbean Venezuela

Venezuela Asset Debacle Splits Guaidó Camp

ENERGY ANALYTICS INSTITUTE (EAI)2 November 20218 November 2021
(Argus, 2.Nov.2021) — Two major Venezuelan opposition parties today voted against a decree issued by US-backed shadow parliamentary leader Juan Guaidó, an unprecedented rupture that foreshadows the expiry of his constitutional...
Citgo Ex-President Suffers Mild Heart Attack In Venezuela Jail
Latin America and Caribbean Venezuela

Citgo Ex-President Suffers Mild Heart Attack In Venezuela Jail

ENERGY ANALYTICS INSTITUTE (EAI)26 October 202129 October 2021
(Reuters, 26.Oct.2021) — The former president of oil refiner Citgo, a U.S. subsidiary of Venezuelan oil company PDVSA, suffered a mild heart attack in prison in Caracas and was transferred...
Citgo Boards In Last-ditch Talks With Washington
Latin America and Caribbean North America USA Venezuela

Citgo Boards In Last-ditch Talks With Washington

ENERGY ANALYTICS INSTITUTE (EAI)22 October 202122 October 2021
(Reuters, 22.Oct.2021) — The supervisory boards of Venezuela-owned Citgo Petroleum, racing to stave off a breakup of the eighth largest U.S. oil refiner, have held talks with U.S. officials in...
US To Consider Citgo Shares Sale Next Year
North America USA

US To Consider Citgo Shares Sale Next Year

ENERGY ANALYTICS INSTITUTE (EAI)15 September 202129 September 2021
(Bloomberg, 15.Sep.2021) — The U.S. will consider authorizing the sale of Citgo Petroleum Corp. shares early next year, after the mandate of the Venezuela opposition government ends, according to a...
LatAm Briefs: Argentina Lithium Acquisition, Citgo Challenges
Argentina Bolivia Colombia Latin America and Caribbean North America USA

LatAm Briefs: Argentina Lithium Acquisition, Citgo Challenges

ENERGY ANALYTICS INSTITUTE (EAI)13 September 202131 March 2022
(Energy Analytics Institute, 13.Sep.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina Lithium & Energy Corp. acquiring high quality lithium projects, Citgo Petroleum executives warning of...
Citgo Envisions Oil ‘Bridge’ To Venezuela
Latin America and Caribbean North America USA Venezuela

Citgo Envisions Oil ‘Bridge’ To Venezuela

ENERGY ANALYTICS INSTITUTE (EAI)23 August 202125 August 2021
(Argus, 23.Aug.2021) — US refiner Citgo has been effectively cut off from its Venezuelan state-owned parent PdV since 2019, but it is still constrained by heavy debt while multiple creditors...
Citgo Returns To Profitability
North America USA

Citgo Returns To Profitability

ENERGY ANALYTICS INSTITUTE (EAI)16 August 202124 August 2021
(Citgo, 16.Aug.2021) — Citgo Petroleum Corporation reported its second quarter 2021 performance results, including net income of $3mn, EBITDA1 of $214mn and  adjusted EBITDA2 of $208mn, marking the company's first profitable...
Citgo Names Mark Holstein New General Counsel
North America USA

Citgo Names Mark Holstein New General Counsel

ENERGY ANALYTICS INSTITUTE (EAI)10 August 20213 September 2021
(Citgo, 10.Aug.2021) — Citgo Petroleum Corporation announced the appointment of Mark Holstein as the company's new General Counsel, overseeing all aspects of the company's legal strategy and material litigation, while...
Sanctioned Citgo At Disadvantage To Rivals
Latin America and Caribbean Venezuela

Sanctioned Citgo At Disadvantage To Rivals

ENERGY ANALYTICS INSTITUTE (EAI)23 July 2021
(Reuters, 23.Jul.2021) — Sanctions barring U.S. imports of Venezuelan crude put refiner Citgo Petroleum Corp at a disadvantage to better-financed rivals, the board chair named by Venezuela's political opposition for...
US Extends Protection For Citgo
Latin America and Caribbean North America USA Venezuela

US Extends Protection For Citgo

ENERGY ANALYTICS INSTITUTE (EAI)20 July 202124 July 2021
(Reuters, 20.Jul.2021) — The United States on Tuesday extended a measure protecting Venezuelan-owned U.S. refiner Citgo Petroleum Corp PDVSAC.UL from bondholders seeking a stake in the company to collect on...
US Extends Citgo Protection [PDF Download]
Latin America and Caribbean North America USA Venezuela

US Extends Citgo Protection [PDF Download]

ENERGY ANALYTICS INSTITUTE (EAI)20 July 202124 July 2021
(Department of the Treasury, 20.Jul.2021) — The Office of Foreign Assets Control (OFAC) issued the following update to General License No. 5G related to PDVSA and Citgo Petroleum. Venezuela Sanctions...
Citgo Dismisses LPG Supply Plan For Venezuela
North America USA

Citgo Dismisses LPG Supply Plan For Venezuela

ENERGY ANALYTICS INSTITUTE (EAI)13 July 20216 August 2021
(Argus, 13.Jul.2021) — Citgo, the US refining arm of Venezuelan state-owned PdV, told Argus it has no immediate plan to supply LPG to Venezuela under new US authorization for sale of the...
Citgo Reveals New Director Appointments
North America USA

Citgo Reveals New Director Appointments

ENERGY ANALYTICS INSTITUTE (EAI)23 June 20218 July 2021
(Citgo, 23.Jun.2021) — The Boards of Directors of Citgo Holding, Inc. and Citgo Petroleum Corporation announced new appointments to their respective Boards of Directors. Elio José Tortolero, Samuel Wilhelm, and...
Citgo Names Balvy Bhogal-Mitro As Corporate Planning VP
North America USA

Citgo Names Balvy Bhogal-Mitro As Corporate Planning VP

ENERGY ANALYTICS INSTITUTE (EAI)1 June 20218 July 2021
(Citgo, 1.Jun.2021) — Citgo President and Chief Executive Officer Carlos Jordá today announced Balvy Bhogal-Mitro has been named Vice President Strategic and Corporate Planning effective 1 June 2021. In her new...
Synchrony And Citgo Ink Multi-Year Contract Extension
North America USA

Synchrony And Citgo Ink Multi-Year Contract Extension

ENERGY ANALYTICS INSTITUTE (EAI)24 May 202128 May 2021
(Synchrony, 24.May.2021) — Synchrony (NYSE: SYF), a premier consumer financial services company, and Citgo Petroleum Corporation, a U.S.-based refiner, transporter, and marketer of transportation fuels, lubricants, and petrochemicals, today announced...
Citgo Reveals Its 1Q:21 Results
North America USA

Citgo Reveals Its 1Q:21 Results

ENERGY ANALYTICS INSTITUTE (EAI)21 May 202125 May 2021
(Citgo, 21.May.2021) — CITGO Petroleum Corporation reported its first quarter 2021 performance results, including a net loss of $180mn, an EBITDA loss of $(21)mn and Adjusted EBITDA1 of $10mn. The quarter...
Citgo Reports FY:20 Results [PDF Download]
North America USA

Citgo Reports FY:20 Results [PDF Download]

ENERGY ANALYTICS INSTITUTE (EAI)7 May 202125 May 2021
(Citgo, 7.May.2021) — Despite the unprecedented challenge COVID-19 presented for refiners, CITGO Petroleum Corporation continued to make strong progress in optimizing operational performance, aggressively managing costs and building on strategic...
Fitch Revises Citgo’s Outlook To Stable
Latin America and Caribbean North America USA Venezuela

Fitch Revises Citgo’s Outlook To Stable

ENERGY ANALYTICS INSTITUTE (EAI)8 April 202113 April 2021
(Fitch Ratings, 8.Apr.2021) — Fitch Ratings affirmed the Long-Term Issuer Default Rating (IDR) of CITGO Petroleum (Opco) at 'B' and CITGO Holding (Holdco) at 'CCC+', Opco's senior secured term loans,...
Ministers Informed Of Deal ‘Citgo Six’ Were Jailed For
Latin America and Caribbean Venezuela

Ministers Informed Of Deal ‘Citgo Six’ Were Jailed For

ENERGY ANALYTICS INSTITUTE (EAI)17 March 202117 March 2021
(Reuters, 17.Mar.2021) — Six executives of U.S. refiner Citgo have been jailed in Caracas on graft charges since 2017, but court documents seen by Reuters show that top Venezuelan officials...
Citgo’s Letter To The UN On Human Rights
North America USA

Citgo’s Letter To The UN On Human Rights

ENERGY ANALYTICS INSTITUTE (EAI)25 February 202117 March 2021
(Citgo, 25.Feb.2021) — The Simón Bolívar Foundation (Foundation), the 501(c)(3) private foundation of Citgo Petroleum Corporation, upholds high standards of corporate governance and ethics. With these standards in mind, we...
China, Russia, Venezuela: Q&A With Thomas O’Donnell
Latin America and Caribbean Venezuela

China, Russia, Venezuela: Q&A With Thomas O’Donnell

ENERGY ANALYTICS INSTITUTE (EAI)13 February 202113 February 2021
(Energy Analytics Institute, 13.Feb.2021) — China and Russia continue to push around their might in Venezuela. Thomas O’Donnell with the Hertie School of Governance & Freie Universität-Berlin weighs in briefly...
José R. Pocaterra Elected Chairman Of Citgo BODs
North America USA

José R. Pocaterra Elected Chairman Of Citgo BODs

ENERGY ANALYTICS INSTITUTE (EAI)12 February 202125 October 2021
(Citgo, 12.Feb.2021) — The Citgo Petroleum Corporation Board of Directors announced today that Jose R. Pocaterra has been elected Chairman of the Board of Directors. Mr. Pocaterra brings more than...
Citgo’s Going-Concern Value Approximately $5.78bn
North America USA

Citgo’s Going-Concern Value Approximately $5.78bn

ENERGY ANALYTICS INSTITUTE (EAI)3 February 202111 February 2021
(Energy Analytics Institute, 3.Feb.2021) — Houston-based refiner Citgo Petroleum's going-concern value is approximately $5.78 billion, according to a recent analysis by Fitch Ratings. The value is based on estimated EBITDA...
Venezuela Orders Arrest Of New Citgo Board Member
Latin America and Caribbean North America USA Venezuela

Venezuela Orders Arrest Of New Citgo Board Member

ENERGY ANALYTICS INSTITUTE (EAI)18 January 202129 January 2021
(Reuters, 18.Jan.2021) — Venezuelan authorities issued an arrest warrant for a new member of the board of directors of U.S.-based refining firm Citgo Petroleum Corp named by the opposition this...
Judge Approves Citgo Parent Share Sale
North America USA

Judge Approves Citgo Parent Share Sale

ENERGY ANALYTICS INSTITUTE (EAI)14 January 202117 January 2021
(Argus, 14.Jan.2021) — Venezuela inched closer to losing control of its US refining subsidiary Citgo today after a federal judge began crafting a sale process for shares of its controlling...
Jose R. Pocaterra Joins Citgo Board Of Directors
North America USA

Jose R. Pocaterra Joins Citgo Board Of Directors

ENERGY ANALYTICS INSTITUTE (EAI)6 January 202112 January 2021
(Citgo, 6.Jan.2021) — The Citgo Petroleum Corporation Board of Directors announced that Jose R. Pocaterra has been named to the Board of Directors, replacing Edgar Rincon who remains Citgo's Chief...
Citgo Releases First-Ever ESG Report [PDF DOWNLOAD]
North America USA

Citgo Releases First-Ever ESG Report [PDF DOWNLOAD]

ENERGY ANALYTICS INSTITUTE (EAI)29 December 202030 December 2020
(Citgo, 29.Dec.2020) — Marking a new chapter of heightened corporate transparency, responsibility and accountability, Citgo Petroleum Corporation today released its first-ever report detailing the company's extensive environmental, social and governance...
Carlos Vecchio Says Guaidó Govt Saved Citgo
Latin America and Caribbean North America USA Venezuela

Carlos Vecchio Says Guaidó Govt Saved Citgo

ENERGY ANALYTICS INSTITUTE (EAI)29 December 20205 January 2021
(Energy Analytics Institute, 29.Dec.2020) — Houston-based refiner Citgo Petroleum, owned by Venezuela's state oil and gas company Petróleos de Venezuela (PDVSA), continues to benefit from US legal actions to extend...
Citgo Plans Q4 2021 Overhaul At Corpus Christi Refinery
North America USA

Citgo Plans Q4 2021 Overhaul At Corpus Christi Refinery

ENERGY ANALYTICS INSTITUTE (EAI)21 December 202029 December 2020
(Reuters, 21.Dec.2020) — Citgo Petroleum Corp plans an overhaul at its 167,500 barrel-per-day (bpd) Corpus Christi, Texas, refinery in the fourth quarter of 2021, the company said on Monday. The...
Citgo Closes New A/R Securitization Facility
North America USA

Citgo Closes New A/R Securitization Facility

ENERGY ANALYTICS INSTITUTE (EAI)18 December 202029 December 2020
(Citgo, 18.Dec.2020) — Citgo Petroleum Corporation announced that it has entered into an agreement with Barclays as Program Administrator for a two-year $250mn accounts receivable securitization facility. The facility will...
NGOs Vital In Helping With Humanitarian Crisis [Video]
Latin America and Caribbean North America USA Venezuela

NGOs Vital In Helping With Humanitarian Crisis [Video]

ENERGY ANALYTICS INSTITUTE (EAI)10 December 202024 December 2020
(Citgo, 10.Dec.2020) — NGOs and other private philanthropic groups are increasingly critical in helping address the deteriorating humanitarian crisis in Venezuela, according to three diverse panels of leading experts recently...
Venezuela Judge Convicts Citgo-6, Orders Prison
Latin America and Caribbean North America USA Venezuela

Venezuela Judge Convicts Citgo-6, Orders Prison

ENERGY ANALYTICS INSTITUTE (EAI)27 November 202027 November 2020
(AP, 27.Nov.2020) — Six American oil executives held for three years in Venezuela were found guilty of corruption charges by a judge Thursday and immediately sentenced to prison, dashing hopes...
Citgo Reports Third Quarter 2020 Results
North America USA

Citgo Reports Third Quarter 2020 Results

ENERGY ANALYTICS INSTITUTE (EAI)13 November 202011 December 2020
(Citgo, 13.Nov.2020) — Citgo Petroleum Corporation’s third quarter results were driven by the economic effects of the Covid-19 pandemic, which affected the refining industry as a whole, and were further...
Simón Bolívar Foundation Rejects Maduro Allegations
North America USA

Simón Bolívar Foundation Rejects Maduro Allegations

ENERGY ANALYTICS INSTITUTE (EAI)30 October 20203 November 2020
(Citgo, 30.Oct.2020) — Given the recent accusations made by representatives of the Nicolás Maduro regime, the Simón Bolívar Foundation, the private non-profit foundation of Citgo Petroleum Corporation, categorically rejects the...
Citgo Names John Zuklic As Chief Financial Officer
North America USA

Citgo Names John Zuklic As Chief Financial Officer

ENERGY ANALYTICS INSTITUTE (EAI)29 October 20203 November 2020
(Citgo, 29.Oct.2020) — The Board of Directors of Citgo Petroleum Corporation appointed John Zuklic as Vice President Finance and Chief Financial Officer (CFO), reporting to Citgo President and CEO Carlos...
Citgo-backed Bonds Boosted By US Court Ruling
North America USA

Citgo-backed Bonds Boosted By US Court Ruling

ENERGY ANALYTICS INSTITUTE (EAI)19 October 202026 October 2020
(Reuters, 19.Oct.2020) — Bond market brokers marked up prices on some of Venezuela's battered debt more than four-fold on Monday after a U.S. judge dealt a major blow to opposition...
PdV Ad Hoc Chairman Joins Opposition Flight
Latin America and Caribbean North America USA Venezuela

PdV Ad Hoc Chairman Joins Opposition Flight

ENERGY ANALYTICS INSTITUTE (EAI)9 September 202014 September 2020
(Argus, 9.Sep.2020) — The chairman of the Venezuelan opposition's "ad hoc" board of national oil company PdV has joined a flight of exiled technocrats from the ranks of a struggling...
Citgo-6 Surpasses 1,000 Days Of Wrongful Detention
Latin America and Caribbean North America USA Venezuela

Citgo-6 Surpasses 1,000 Days Of Wrongful Detention

ENERGY ANALYTICS INSTITUTE (EAI)1 September 202027 November 2020
(Energy Analytics Institute, 1.Sep.2020) — More than 1,000 days have passed since Tomeu Vadell, José Luis Zambrano, Alirio Zambrano, Jorge Toledo, Gustavo Cardenas and José Pereira — known as the...
Citgo Updates On Lake Charles Refinery After Laura
North America USA

Citgo Updates On Lake Charles Refinery After Laura

ENERGY ANALYTICS INSTITUTE (EAI)28 August 20201 September 2020
(Energy Analytics Institute, 28.Aug.2020) — Houston-based refiner Citgo Petroleum released initial details regarding its Lake Charles Refinery and the impact on its operations after the passing of Hurricane Laura. __________...
Houston Refiner Citgo Reports 2Q:20 Results
Latin America and Caribbean North America USA Venezuela

Houston Refiner Citgo Reports 2Q:20 Results

ENERGY ANALYTICS INSTITUTE (EAI)17 August 202021 August 2020
(Citgo, 17.Aug.2020) — Citgo Petroleum Corporation reported a net loss of $5 million for the second quarter of 2020, which includes the benefit from the reversal of a previously recorded...
US Charges Ex-Citgo Exec In Bribery Probe
Latin America and Caribbean North America USA Venezuela

US Charges Ex-Citgo Exec In Bribery Probe

ENERGY ANALYTICS INSTITUTE (EAI)6 August 202010 August 2020
(Reuters, 6.Aug.2020) — U.S. prosecutors charged a former Citgo Petroleum manager with accepting $2.5 million as part of a scheme to bribe officials with the U.S. refiner and its Venezuelan...
PDV Holdings Releases First-Ever Annual Report
Latin America and Caribbean North America USA Venezuela

PDV Holdings Releases First-Ever Annual Report

ENERGY ANALYTICS INSTITUTE (EAI)22 July 202024 July 2020
(Citgo, 22.Jul.2020) — PDV Holding, Inc., the indirect sole stockholder of Citgo Petroleum Corporation, issued its first-ever annual report detailing financial and operational performance in calendar year 2019. Report highlights...
CITGO Names Edgar Rincon COO, Executive VP
Latin America and Caribbean North America USA Venezuela

CITGO Names Edgar Rincon COO, Executive VP

ENERGY ANALYTICS INSTITUTE (EAI)17 July 202023 July 2020
(Citgo, 17.Jul.2020) — The Board of Directors of CITGO Petroleum Corporation has appointed Edgar Rincon as Chief Operating Officer (COO) and Executive Vice President, reporting to CITGO President and CEO...
Barreiro, Laprea-Bigott, Jordá Named To Citgo Board
North America USA

Barreiro, Laprea-Bigott, Jordá Named To Citgo Board

ENERGY ANALYTICS INSTITUTE (EAI)15 July 20204 August 2020
(Citgo, 15.Jul.2020) — Citgo Petroleum Corporation Board of Directors announced today that Pablo Pérez Barreiro, Marcelo Laprea-Bigott and Carlos Jordá have been named to the Board of Directors. "Pablo Pérez...
Guaido Team Adds to PDVSA Ad Hoc Board
Latin America and Caribbean Venezuela

Guaido Team Adds to PDVSA Ad Hoc Board

ENERGY ANALYTICS INSTITUTE (EAI)1 July 202010 July 2020
(Reuters, 1.Jul.2020) — Venezuela's opposition-held National Assembly on Tuesday named three new members to an ad hoc board of directors for state Petroleos de Venezuela (PDVSA), which controls some of...
Guaido Team Favoring COP In Citgo Fight: Update
Latin America and Caribbean North America USA Venezuela

Guaido Team Favoring COP In Citgo Fight: Update

ENERGY ANALYTICS INSTITUTE (EAI)19 June 202025 June 2020
(Argus, 19.Jun.2020) — Another senior Venezuelan opposition figure has resigned following the government's leak of a strategy to favor ConocoPhillips in an escalating battle for Venezuelan state-owned PdV's US refining...
Guaido Team Favoring COP In Citgo Fight
Latin America and Caribbean Venezuela

Guaido Team Favoring COP In Citgo Fight

ENERGY ANALYTICS INSTITUTE (EAI)19 June 20201 August 2020
(Argus, 19.Jun.2020) — Another senior Venezuelan opposition figure has resigned following the government's leak of a strategy to favor ConocoPhillips in an escalating battle for Venezuelan state-owned PdV's US refining...
Citgo Reports First Quarter 2020 Results
North America USA

Citgo Reports First Quarter 2020 Results

ENERGY ANALYTICS INSTITUTE (EAI)12 June 202015 June 2020
(Citgo, 12.Jun.2020) — Citgo Petroleum Corporation reported its first quarter 2020 performance results, including a net loss of $159 million and an adjusted EBITDA1 of $38 million excluding the effect...
CITGO Proposes $750mn Private Offering
Latin America and Caribbean North America USA Venezuela

CITGO Proposes $750mn Private Offering

ENERGY ANALYTICS INSTITUTE (EAI)2 June 20202 June 2020
(Citgo, 2.Jun.2020) — Citgo Petroleum Corporation has commenced a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, of $750 million aggregate principal amount of...
Q&A: PdV Exile Board Has ‘Levers’ To Keep Citgo
Latin America and Caribbean Venezuela

Q&A: PdV Exile Board Has ‘Levers’ To Keep Citgo

ENERGY ANALYTICS INSTITUTE (EAI)28 May 20202 June 2020
(Argus, 28.May.2020) — Luis Pacheco is chairman of a parallel board trying to exert control over the future of Venezuela's state-owned PdV. Appointed by the National Assembly led by opposition...
PdV’s Board Of Exiles Loses Two Technocrats
Latin America and Caribbean Venezuela

PdV’s Board Of Exiles Loses Two Technocrats

ENERGY ANALYTICS INSTITUTE (EAI)21 May 202022 May 2020
(Argus, 21.May.2020) — Two members of the parallel board of Venezuela's national oil company PdV have resigned, a development that exposes brewing frustration in the exiled technical ranks of US-backed...
PDV Holding And Aruba Govt To End Refinery Project
Aruba Latin America and Caribbean Venezuela

PDV Holding And Aruba Govt To End Refinery Project

ENERGY ANALYTICS INSTITUTE (EAI)1 May 202010 May 2020
(PDV Holding, 1.May.2020) — PDV Holding, Inc., and the Government of Aruba/Refineria di Aruba (RDA) today executed an amicable termination agreement in relation to the contract for the San Nicolás...
Citgo Foundation To Support Covid-19 Efforts In Venezuela
Latin America and Caribbean North America USA Venezuela

Citgo Foundation To Support Covid-19 Efforts In Venezuela

ENERGY ANALYTICS INSTITUTE (EAI)26 March 20201 April 2020
(Citgo, 26.Mar.2020) — The Simón Bolívar Foundation Inc. (SBF), the non-profit, private foundation of Citgo Petroleum Corporation, is launching a special round of its small grants program to help alleviate...
US Calls For Humanitarian Release Of Citgo 6
Latin America and Caribbean North America USA Venezuela

US Calls For Humanitarian Release Of Citgo 6

ENERGY ANALYTICS INSTITUTE (EAI)19 March 202019 March 2020
(Energy Analytics Institute, Piero Stewart, 19.Mar.2020) — The US calls for humanitarian release of wrongfully detained Americans in Venezuela. https://twitter.com/statedeptspox/status/1240619170338922502 © Energy Analytics Institute (EAI). All Rights Reserved. ***
Maduro Taps VP To ‘Restructure’ Oil Sector
Latin America and Caribbean Venezuela

Maduro Taps VP To ‘Restructure’ Oil Sector

ENERGY ANALYTICS INSTITUTE (EAI)19 February 202029 February 2020
(Reuters, 19.Feb.2020) — Venezuelan President Nicolas Maduro said on Wednesday he would create a presidential commission to restructure the country's beleaguered oil industry, which will be led by Vice President...
Maduro Accused Of “Disappearing” US Oilmen
Latin America and Caribbean North America USA Venezuela

Maduro Accused Of “Disappearing” US Oilmen

ENERGY ANALYTICS INSTITUTE (EAI)19 February 202029 February 2020
(AP, 19.Feb.2020) — Family members of six American oil executives jailed in Venezuela are accusing Nicolas Maduro’s government of “forced disappearance” after the men were inexplicably missing for the scheduled...
Citgo Names Jack Lynch As Chief Compliance Officer
Latin America and Caribbean North America USA Venezuela

Citgo Names Jack Lynch As Chief Compliance Officer

ENERGY ANALYTICS INSTITUTE (EAI)11 February 202029 February 2020
(Citgo, 11.Feb.2020) — Citgo Petroleum Corporation announced the appointment of Jack Lynch as the company’s new Chief Compliance & Ethics Officer. Lynch will continue to serve as the Vice President...
Citgo Announces Small Grants Program Winners
Latin America and Caribbean North America USA Venezuela

Citgo Announces Small Grants Program Winners

ENERGY ANALYTICS INSTITUTE (EAI)10 January 202010 February 2020
(Citgo, 24.Jan.2020) — The Simón Bolívar Foundation Inc. (SBF), a non-profit, private foundation of CITGO Petroleum Corporation, awarded seven grants totaling $100,000 to nonprofits that expand access to medicine, health...
CITGO Reports 3Q Results
Latin America and Caribbean North America USA Venezuela

CITGO Reports 3Q Results

ENERGY ANALYTICS INSTITUTE (EAI)6 December 201921 January 2020
(Citgo, 6.Dec.2019) — Citgo Petroleum Corporation reported strong financial and operational performance as the Board of Directors reviewed with the Shareholder the company’s performance during the first nine months of...
Maduro Sent $900mn In Oil To Cuba, U.S. Official Said
Latin America and Caribbean North America USA Venezuela

Maduro Sent $900mn In Oil To Cuba, U.S. Official Said

ENERGY ANALYTICS INSTITUTE (EAI)27 November 20192 December 2019
(El Nuevo Herald, Nora Gámez Torres, 27.Nov.2019) — Embattled leader Nicolás Maduro sent about $900 million in oil to Cuba this year despite the humanitarian crisis in Venezuela, a U.S....
Conoco Seeks Seizure Of Citgo Parent
Latin America and Caribbean North America USA Venezuela

Conoco Seeks Seizure Of Citgo Parent

ENERGY ANALYTICS INSTITUTE (EAI)26 November 201926 November 2019
(Reuters, 26.Nov.2019) — U.S. oil company ConocoPhillips on Tuesday filed a motion in a Delaware court seeking to seize shares in the parent of U.S. refiner Citgo Petroleum to collect...
Third Circuit Rejects Citgo Rehearing
Canada Latin America and Caribbean North America USA Venezuela

Third Circuit Rejects Citgo Rehearing

ENERGY ANALYTICS INSTITUTE (EAI)21 November 201925 November 2019
(Argus, Elliott Blackburn, 21.Nov.2019) — Federal appeals court judges have denied Venezuela's request to rehear a July decision upholding the pursuit of the country's US refining subsidiary Citgo to satisfy...

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NRGBriefs: Trinidad’s Fuel Subsidy; Citgo Giusti Departure; “Almost Out of the Faja”

Energy Analytics Institute’s SPonsor ADvertiser (SPAD) Promo Video

Forefront Power to Develop Solar Energy Systems for Anheuser-Busch

Sumitomo and Promigas to Accelerate Hydrogen Mobility in Colombia

PNM Announces Executive Changes

CFE Reveals Commencement of Cash Tender Offer

HIF Global and Uniper Ink Letter of Intent to Produce, Sell eFuels

SQM Reports Earnings of $796.1mn in 1Q:22

NRGBriefs: Chevron Comments on Venezuelan License; SQM Results

NRGBriefs: Ecopetrol’s and Oxy’s Caribbean Deep-Water Deal

Frontera Announces Annual and Special Meeting Results

Frontera Releases Sustainability Report

NG Energy Receives Initial Prepayment from the María Conchita Block

Citgo Reports 1Q:22 Net Income of $245mn

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