Is CITGO still owned by PDVSA?
Is CITGO still owned by PDVSA?
Headquartered in the Energy Corridor area of Houston, it is majority-owned by PDVSA, a state-owned company of the Venezuelan government (although due to U.S. sanctions, in 2019, they no longer economically benefit from Citgo).
Is CITGO Russian owned?
Currently valued at $10 billion, Citgo was acquired by the Venezuelan government in 1986 to refine its heavy crude oil and sell it in America. As such, the Houston-based company is of significant strategic importance for the Venezuelan economy.
Who bought CITGO?
PDVSA
Citgo, a Houston-based company with a more than 100-year history, was acquired by PDVSA more than 30 years ago and owns oil refineries in Corpus Christi, Texas; Lake Charles, Louisiana; and Lemont, Illinois. Citgo also owns transportation, marketing and retail fueling businesses.
Who owns Sunoco?
Energy Transfer Partners
In 2012, Dallas-based energy company Energy Transfer Partners purchased Sunoco.
Who owns Valero Oil Company?
It is currently operated by Alimentation Couche-Tard, which owns the Circle K brand. Valero Gas Station in Haltom City, Texas on Western Center Blvd. that opened in 1986 as Diamond Shamrock, fully converted to Valero in 2005.
Who owns Valero oil Co?
Who owns Valero? Valero has been a publicly-held company since 1997, so it is owned by its shareholders. As of Wednesday, its share price was $87.14, with a market capitalization of nearly $35.7 billion, according to Yahoo Finance.
Is CITGO oil from Venezuela?
HOUSTON, Oct 28 (Reuters) – Venezuela-owned Citgo Petroleum (PDVSAC. UL) is preparing to name two of its executives as new members to its board of directors, to help steer the company during upcoming negotiations between its parent boards and creditors, people familiar with the matter told Reuters.
Does Shell own Sunoco?
Sunoco subsidiary Aloha Petroleum acquires Shell stations, Subway, convenience stores in Hawaii – Pacific Business News.
Who did Sunoco merger with?
Sunoco Logistics Partners and Energy Transfer Partners (ETP) completed their merger announced in November of an indirect subsidiary of SXL and ETP, with ETP surviving the merger as a wholly owned subsidiary of SXL.
Is Lukoil Russian?
Lukoyl, IPA: [ˈluːkɔɪl] stylized as LUKOIL or ЛУКОЙЛ in Cyrillic script) is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petroleum, natural gas, and petroleum products.
Does Valero use Russian oil?
During the first quarter of 2022, Valero imported 3.9 million barrels, or about 43,000 b/d of Russian fuel oils and VGO into their sophisticated US Gulf Coast refineries, according to US Customs data, with the last cargo seen arriving on March 23.