September
6, 2003
Citgo
may take charge of PDVSA units
By Fred Pals,
(Dow Jones Newswires) - Venezuela's U.S-based
refining and distribution chain Citgo may become
in charge of all of the nation's refineries and
other assets that are based abroad, the chief
financial officer of state-owned oil monopoly
Petroleos de Venezuela was quoted as saying in
a report of state-run news agency Venpres.
Citgo
could be put in charge of a total of 183 affiliates
and overseas refineries that are owned or leased
by PdVSA in Germany, Curacao and Sweden, among
others, José Gregorio Morales was quoted
as saying. Morales could not be reached for additional
comment.
The
company is studying the possibility of a move
of Citgo headquarters from Tulsa, Oklahoma, to
Houston. Venezuela has a vast network of refineries
and storage facilities worldwide.
