(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...
(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...
(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...
(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...
(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. __________...
(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...
(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...
(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, 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...
(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...
(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...
(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...
(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, 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, 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...
(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...
(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, 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, 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...
(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. ***
(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...
(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, 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, 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, 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...
(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....
(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...
(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...
(S&P Global Platts, 21.Nov.2019) — A US appeals court Thursday denied Venezuela's request for it to reconsider its ruling allowing a PDVSA creditor to go after US refiner Citgo, its...
(Reuters, 19.Nov.2019) — Venezuela’s opposition has reached a deal with the custodians of a bond issued by state oil company PDVSA to prevent bondholders from seizing U.S. refining subsidiary Citgo,...
(AFPM, Chet Thompson, 22.Oct.2019) — In the last ten years the fracking revolution has led to amazing growth and vastly increased energy security for the United States. We’ve gone from...
(Reuters, Marianna Parraga and Corina Pons, 18.Oct2019) — Venezuela's opposition last week sent holders of state oil company PDVSA's 2020 bond a proposal to suspend legal actions for 90 days,...
(venezuelanalysis.com, 16.Oct.2019) — Venezuela’s CITGO could be seized by creditors. Venezuela’s opposition-held National Assembly (AN) passed a resolution Tuesday branding the country’s 2020 PDVSA bond “invalid.” The move comes on...
(Oilprice.com, Tsvetana Paraskova, 16.Oct.2019) — Venezuela’s opposition is getting ready to file within days a lawsuit in the United States seeking to prevent bond holders of Venezuelan state oil firm...
(Reuters, Marianna Parraga, 9.Oct.2019) — Indian refiner Reliance Industries Ltd is scheduled to resume loading Venezuelan crude in October after a four-month pause, according to sources and internal documents from PDVSA...
(Reuters, 9.Oct.2019) — Aruba on Wednesday reached an agreement with U.S. based Citgo Petroleum Corp to end its contract to refurbish and operate the island's refinery, a statement from the...
(Citgo, 5.Sep.2019) — Standard & Poor's (S&P), a leading credit rating agency, has removed Citgo Holding, Inc. and Citgo Petroleum Corporation's outlook from credit watch and has placed them on...
(Citgo, 26.Aug.2019) — The Board of Directors of Citgo Petroleum Corporation is pleased to report significant progress on top company goals. Following its appointment in February 2019, the Citgo Board...
(Reuters, Marianna Parraga, 22.Aug.2019) — The two new top executives at Citgo Petroleum disclosed this week that net income in the second quarter slid to less than half its level...
(Argus, 20.Aug.2019) — The Chinese government is so far showing no sign of curtailing its oil ties to Venezuela, despite state-owned PetroChina's rescheduling of Merey crude loadings in August. Argus...
(Citgo, 14.Aug.2019) — The Board of Directors of Citgo Petroleum Corporation has selected Carlos E. Jorda to occupy the Chief Executive Officer (CEO) position after a thorough and extensive search...
(Reuters, Marianna Parraga, 13.Aug.2019) — Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, according to three people familiar with the matter, turning to a seasoned refinery...
(WSJ, Vivian Salama, 6.Aug.2019) — The Trump administration imposed a total economic embargo against the government of Venezuela, a significant escalation of pressure against the regime of President Nicolás Maduro...
(Bloomberg, 6.Aug.2019) — President Donald Trump imposed further sanctions on Venezuela, freezing the government’s assets in the U.S. and adding immigration restrictions in a move aimed at stepping up pressure...
(Platts, 6.Aug.2019) — The US escalated sanctions against Venezuela late Monday and may use the executive order to target crude flows to China and India, analysts said Tuesday. Highlights Analysts...
(Oilprice.com, Tsvetana Paraskova, 5.Aug.2019) — Six U.S. executives at Citgo, the U.S. subsidiary of Venezuela’s state-held oil firm PDVSA, were detained by Nicolas Maduro’s regime in Venezuela in November 2017...
(Citgo, 1.Aug.2019) — CITGO Holding, Inc., parent company of CITGO Petroleum Corporation (CPC), confirmed it has completed its previously announced refinancing transactions to redeem and pay-off $1.870 billion of its...
(WSJ, Paulo Trevisani, 1.Aug.2019) — U.S. Commerce Secretary Wilbur Ross laid out a plan including credit and investment to help rebuild Venezuela’s economy under democratic rule, as Washington continues to...
(Reuters, 26.Jun.2019) — A U.S. court will decide whether a board of directors appointed by Venezuelan President Nicolas Maduro or one backed by his rival, opposition leader Juan Guaido, runs...
(Reuters, 19.Jun.2019) — An ad-hoc board of directors for U.S. oil refiner Citgo, named by Venezuelan opposition leader Juan Guaido, said on Wednesday it has received a request for information...
(Trinidad and Tobago Newsday, Sean Douglas, 7.Jun.2019) — The refined oil imported by Paria Fuel Trading Company for local consumption after the closure of the Petrotrin refinery does not include...
(Reuters, Roberta Rampton, 6.Jun.2019) — The U.S. Treasury Department on Thursday tightened its pressure on Venezuela’s state-owned oil company by making clear that exports of diluents by international shippers could...
(Reuters, Marianna Parraga, 6.Jun.2019) — Citgo Petroleum Corp, the U.S. arm of Venezuela’s state-run oil firm PDVSA, is moving toward appointing a new chief executive, with candidate names including former...
(CNN, Allan Dodds Frank, 16.May.2019) — Venezuela's future is in limbo, as its embattled president continues to fend off a national movement for regime change. And whether President Nicolas Maduro...
(Reuters, Corina Pons and Mayela Armas, 16.May.2019) — Venezuela’s ad-hoc board of directors for state oil company PDVSA, appointed by opposition leader Juan Guaido, said on Thursday it has made...
(The Katy News, 8.Apr.2019) — Rep. Pete Olson (TX-22) issued the following statement calling on the Maduro regime to release the six Citgo executives, five of whom are Texans, who...
(Miami Herald, Nora Gamez Torres, 22.Mar.2019) — Cuba would have to spend nearly $2 billion a year to meet its domestic oil needs if Venezuela’s National Assembly and interim president...
(Reuters, Lesley Wroughton, Luc Cohen, Marianna Parraga, 10.Mar.2019) — The United States is pressing India to stop buying oil from Venezuelan President Nicolas Maduro’s government, Washington’s top envoy for Venezuela...
(AP, Scott Smith and Sheyla Urdaneta, 6.Mar.2019) — Marin Mendez leaned a shoulder into his rusty Chevy Malibu, rolling it forward each time the line of cars inched closer to...
(Reuters, Marianna Parraga, 6.Mar.2019) — Plans by the German operator of a portion of the Venezuelan state oil company’s tanker fleet to return 10 vessels because of unpaid fees prompted...
(Oilprice.com, Tsvetana Paraskova, 6.Mar.2019) — Nicolas Maduro’s staunchest international ally—Russia—reaffirmed last week its full support to the Socialist leader’s regime and his efforts to prevent what Moscow sees as interference...
(Bloomberg, Lucia Kassai and Ezra Fieser, 27.Feb.2019) — U.S. Gulf refiners are bidding up prices for Colombian crude amid sanctions on Venezuelan imports, historically one of America’s top oil suppliers....
(Oilprice.com, Irina Slav, 26.Feb.2019) — More than eight million barrels of Venezuelan crude oil is sitting in tankers as U.S. sanctions are preventing the country from selling the commodity worth...
(BBC, Jack Goodman, 25.Feb.2019) — The United States has imposed tough sanctions on Venezuela’s oil industry to put pressure on President Nicolás Maduro to step down. Oil dominates Venezuela’s economy,...
(Citgo, 22.Feb.2019) — CITGO Petroleum Corporation confirmed its newly appointed Board of Directors, which held its first official meeting today, Friday, Feb. 22. The Board includes Luisa Palacios as Chairwoman,...
(Petroleum Economist, Charles Waine, 22.Feb.2019) — Despite severe US sanctions, President Maduro is standing firm. But how long can the political impasse last while oil production continues to decline? Venezuela...
(Energy Analytics Institute, Jared Yamin, 17.Feb.2019) — Houston-based Citgo Petroleum has three refineries located in the U.S. in Corpus Christi, Texas; Lake Charles, Louisiana; and Lemont, Illinois. What follows is...
(FT.com, John Paul Rathbone and Gideon Long, 13.Feb.2019) — Venezuela’s parallel, opposition government sought to take control of the country’s oil revenues from the regime of Nicolás Maduro by naming...
(S&P Global Platts, 13.Feb.2019) — Self-declared Venezuelan interim president Juan Guaido plans to appoint Luisa Palacios, an expert in emerging Latin American markets and international affairs, as president of state...
(IHS Markit Senior Editor Sergey Myakishev, 12.Feb.2019) — The controversy surrounding last year’s re-election of Nicolas Maduro as president of Venezuela came to a head in recent weeks, with continued...
(Argus, 11.Feb.2019) — India´s two leading refiners will continue to import Venezuelan crude but will no longer supply oil products to Venezuela´s state-owned PdV because of US sanctions, Indian downstream...
(Chron.com, Jordan Blum, 11.Feb.2019) — Struggling Venezuela already is producing oil at a multi-decade low, but the socialist nation's crude output could fall another 50 percent by 2020, further imperiling...
(Industrial Info, 11.Feb.2019) — Crude oil prices rose by a few dollars per barrel in the days after the U.S. imposed sanctions on Venezuela’s oil industry January 28. But those...
(AP, Alexandra Olson, 9.Feb.2019) — The U.S. and dozens of other countries may have declared that Nicolas Maduro is no longer the legitimate president of Venezuela, but that has not...
(Citgo, 9.Feb.2019) Houston-based Citgo Petroleum Corporation is a refiner, transporter, and marketer of transportation fuels, lubricants, petrochemicals and other petroleum-based industrial products. Citgo is owned by Citgo Holding, Inc., an...