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Citgo was the major sponsor of E. J. Viso of KV Racing (2012) and Andretti Autosport (2013), and remained with Viso when he began racing in the Stadium Super Trucks in 2014. [79] Citgo is a major sponsor of the Bassmaster Fishing Tournaments, and is also the sponsor of a charity golf tournament benefiting the Muscular Dystrophy Association (MDA ...
On August 16, 2006, Lyondell Chemical Company bought CITGO's share, and as a result, Houston Refining became a wholly owned subsidiary of Lyondell. [6] In April of 2022, LyondellBasell announced plans to close the refinery by the end of 2023. [7] The target closure date was pushed back to Q1 2025 due to a period of strong refining margins. [8] [9]
Unocal sold its interest in Uno-Ven to PDVSA in 1997 and PDVSA rebranded the Midwestern and Eastern Union 76 stations to its Citgo brand. [6] In 1997, Unocal also sold its remaining refining and marketing operations in the western United States and the rights to the Union 76 brand for use in refining and marketing operations to Tosco. [7]
Citgo has plants in Louisiana, Illinois and Texas that can jointly process 807,000 barrels per day of oil. In the last two years, the company has generated $4.8 billion in combined net earnings.
In August 2006, Lyondell acquired Citgo's interest in the Lyondell-Citgo Refinery for $2.1 billion, and renamed the facility Houston Refining. [10] Chemical maker Basell Polyolefins purchased Lyondell in December 2007, creating the new company LyondellBasell Industries AF S.C.A., one of the largest chemical companies in the world at that time.
Lemont Refinery is an oil refinery in Romeoville, Illinois owned and operated by Citgo Petroleum Corporation. Originally constructed in the early 1920s, it was reconstructed between 1968 and 1970 by its then owner Union Oil [ 1 ] and has a current crude processing capacity of 177,000 barrels per day. [ 2 ]
According to the Tampa Bay Times, the gas company has paid out almost $900,000 in claims after diesel fuel was mixed with the company's gasoline.
Two Citgo oil executives detained for nearly five years in Venezuela have sued their former employer for more than $400 million, alleging it conspired to lure them to the South American country ...