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CITGO gasoline stations and refineries became owned by the Venezuelan national oil company when it was nationalized by dictator Hugo Chavez's communist government.
Chavez is an avowed HATER of the United States, and every penny spent on CITGO gasoline goes to help Chavez promote that hatred of our country. DO NOT BUY CITGO GASOLINE - EVER!
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∙ 12y ago
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Who owns citgo oil corporation?
Citgo Petroleum Corporation is an American oil corporation owned by PDV America. PDV America, on the other hand is a wholly owned subsidiary of Petr?leos de Venezuela, S.A., which is an oil company wholly owned by the Venezuela.
Who owns and controls citgo gas stations?
Venezuela government.
Where citgo come from?
Citgo comes from Venezuela. Its name probably means City Gas and Oil.
Who makes rural king oil?
be citgo
Who owns Citgo?
Citgo is owned by PDV America, Inc. and headquartered in Houston, Texas. However, PDV America, Inc. is a subsidiary of Petróleos de Venezuela, S.A., the national oil company of Venezuela. PDV acquired a 50% holding in 1986 and the remaining 50% in 1990.
What oil company does Hugo Chavez own?
Citgo and petro express
Who owns Citgo gas stations?
Belongs to the Venezvalions in trust of their current president (Or dictator) Hugo Chaves.CITGO gasoline stations and refineries became owned by the Venezuelan national oil company when it was nationalized by dictator Hugo Chavez's communist government.Chavez is an avowed HATER of the United States, and every penny spent on CITGO gasoline goes to help Chavez promote that hatred of our country. DO NOT BUY CITGO GASOLINE - EVER!Read more: Who_owns_citgo_oil
Does sonoco sell Venezuela gas?
Citgo and Valero use Venezuela oil. Sonoco does not.
When was Citgo created?
Citgo was created in 1910.
What is the population of Citgo?
The population of Citgo is 4,000.
Which gasoline companies import foreign oil?
Shell, Chevron, Texaco, Exxon/Mobil, Marathon/Speedway, and Amoco: all these companies import foreign oil. CITGO no is no longer an American Company. "In September, 1986, Southland sold a 50 percent interest in CITGO to Petróleos de Venezuela, S.A., (PDVSA), the national oil company of the Bolivarian Republic of Venezuela. PDVSA acquired the remaining half of CITGO in January, 1990 and the company is owned by PDV America, Inc, an indirect, wholly owned subsidiary. With a secure and ample supply of crude oil, CITGO quickly became a major force in the energy arena".
Who founded Citgo?
The story of CITGO Petroleum Corporation as an enduring American success story began back in 1910 when pioneer oilman, Henry L. Dougherty, created the Cities Service Company. When Cities Service determined that it needed to change its marketing brand, it introduced the name CITGO in 1965, retaining the first syllable of its long-standing name and ending with "GO" to imply power, energy and progressiveness. The now familiar and enduring CITGO "trimark" logo was born. Occidental Petroleum bought Cities Service in 1982, and CITGO was incorporated as a wholly owned refining, marketing and transportation subsidiary in the spring of the following year. Then, in August, 1983, CITGO was sold to The Southland Corporation to provide an assured supply of gasoline to Southland's 7-Eleven convenience store chain. In September, 1986, Southland sold a 50 percent interest in CITGO to Petróleos de Venezuela, S.A. (PDVSA), the national oil company of the Bolivarian Republic of Venezuela. PDVSA acquired the remaining half of CITGO in January, 1990. With a secure and ample supply of crude oil, CITGO quickly became a major force in the energy arena.
