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CITGO branded stations map as of September 2020. Citgo Petroleum Corporation, or Citgo (stylized as CITGO), is a United States–based refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. [4]
Oil & gas Exploration & production Caracas: 1976 State oil & gas S A PDVAL: Consumer goods Food & beverage Caracas: 2008 Food supply network, part of PDVSA: S A Promar TV: Consumer services Broadcasting & entertainment Barquisimeto: 1995 Regional television P A Puma TV: Consumer services Broadcasting & entertainment Caracas: 1995 Television ...
Petróleos de Venezuela, S.A. (acronym PDVSA, Spanish pronunciation: [peðeˈβesa]) (English: Petroleum of Venezuela) is the Venezuelan state-owned oil and natural gas company. It has activities in exploration, production, refining and exporting oil as well as exploration and production of natural gas.
Shell and Trinidad and Tobago's National Gas Company (NGC) are close to agreeing to credit Venezuela's state-run oil firm for its $1 billion investment in a gas field the three want to jointly ...
Since it first imposed sanctions on Venezuela's energy sector in 2019, the United States has granted individual licenses to some oil companies that allow them to export the South American country ...
In 2016, the United States imported 291,461,000 barrels of oils from Venezuela, an amount consistent with imports in the five years prior. [46] To assuage the oil price decline which began back in June 2014 and continues through to today, President Maduro printed more currency, resulting in inflation as high as 700% of what the inflation rate ...
Companies in the petroleum sector evaded the sanctions on Venezuela's state-owned oil company, PDVSA, to continue oil shipments. In October 2023, the administration of Joe Biden temporarily lifted some U.S. sanctions on the oil, gas and gold industries in exchange for the promise of the release of political prisoners and free 2024 elections.
The company's oil and gas operations are concentrated in two geographic areas: the United States and the Middle East, with some ventures in South America. As of December 31, 2020, Occidental had 2.911 billion barrels of oil equivalent (1.781 × 10 10 GJ) of oil equivalent net proved reserves, of which 51% was petroleum, 19% was natural gas ...