All about CITGO

By Edition On Wednesday, November 22nd, 2017

Venezuela arrests CITGO Chief in anti-corruption dragnet

CARACAS - Venezuelan authorities arrested the acting president of its U.S.-based refiner Citgo and five of the subsidiary’s top executives on Tuesday as part of a spiraling corruption purge in the OPEC country’s More...

Venezuelan socialism
By Edition On Friday, November 17th, 2017

Venezuelan crisis threatens Curaçao and Aruba

WILLEMSTAD - Venezuela is about to collapse and that threatens to hit Aruba and especially Curaçao hard. Both islands are firmly committed to the oil industry, which in turn is heavily dependent on the country More...

By Edition On Saturday, August 26th, 2017

Trump exempts Citgo from Venezuela sanctions

WASHINGTON - President Trump is exempting Citgo Petroleum Corp., owned by Venezuela’s government, from the financial sanctions imposed Friday on the country. The latest set of sanctions is meant to punish the More...

By Edition On Friday, August 4th, 2017

Venezuela cuts oil supply to Citgo as Russia’s Rosneft gets more

HOUSTON - Venezuela’s state-run PDVSA has reduced crude sales to its U.S. refining unit Citgo Petroleum while increasing supply to Russia’s Rosneft (ROSN.MM), following a plan signed in May to catch up on overdue More...

Mike Eman
By Edition On Monday, June 13th, 2016

Venezuela and Aruba finalise agreement to re-open refinery

CARACAS - Authorities from the governments of Aruba and Venezuela, and officials from Petróleos de Venezuela, SA (PDVSA) and CITGO Aruba, gathered in Caracas on Friday to witness the execution of a commercial More...

oil refinery
By Edition On Friday, June 3rd, 2016

Venezuelan oil minister Del Pino: “What’s the big deal for bringing oil from the market to Curaçao?”

CARACAS, WILLEMSTAD - Venezuelan oil minister Eulogio Del Pino voiced optimism Thursday about his crisis-hit country’s ability to increase its oil production to 3 million b/d, depending on a hoped-for price recovery. Speaking More...

Aruba Oil Refinery
By Edition On Monday, May 16th, 2016

Citgo reaches deal to lease and restart idled Aruba refinery

ORANJESTAD - The Citgo Petroleum refining unit of Venezuela's state oil company Petroleos de Venezuela SA has reached a deal to lease and restart an idled 235,000-barrel-per-day refinery in Aruba, the government More...

By Edition On Monday, February 15th, 2016

Citgo, Aruba working to restart 235,000-bpd refinery under lease -sources

ORANJESTAD - Venezuelan PDVSA's unit in the United States, Citgo Petroleum, is working to restart some processing units at the Aruba refinery under a 25-year lease contract with the government of the Caribbean island, More...

Aruba Oil Refinery
By Edition On Monday, September 28th, 2015

Aruba signs agreement with Citgo to operate idled refinery

ORANJESTAD - Aruba’s Energy Ministry said on Friday it has signed a memorandum of understanding with PDVSA’s U.S. unit Citgo Petroleum to explore reopening and operating the island’s refinery, idled since More...