CITGO: GOING GOING GONE?

A sale of PDVSA’s Citgo refining assets could dramatically change crude oil flows. According to various sources, Venezuelan state oil company PDVSA is planning to sell its North American unit, Citgo Petroleum Corp. Citgo owns three refineries in the United States with a combined capacity of more than 750,000 b/d: Lake Charles, LA (425,000 b/d) Corpus Christi, TX (165,000 b/d) and Lemont, IL (167,000 b/d). Download here