Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Mike Darancette
\'It would be easy for us to shut all our refineries in the USA,\'

It would be easy for us to seize all your refineries in the USA.

16 posted on 02/05/2006 2:01:26 PM PST by Mike Darancette (Condimaniac)
[ Post Reply | Private Reply | To 13 | View Replies ]


To: Mike Darancette

From Citgo's 2004 10-K statement as filed with the Securities and Exchange Commission:

CITGO Petroleum Corporation (“CITGO” or the “Company”) is a direct wholly owned operating
subsidiary of PDV America, Inc. (“PDV America”), a wholly owned subsidiary of PDV Holding, Inc. ("PDV
Holding"). The Company’s ultimate parent is Petróleos de Venezuela, S.A. (“PDVSA”, which may also be
used herein to refer to one or more of its subsidiaries), the national oil company of the Bolivarian Republic of
Venezuela. (Page 4, Part 1, Items 1 and 2).

Thus Citgo is wholly owned by the Venezuelan government. IMHO, this should exclude Citgo from any US Government purchase orders. If Chavez is stupid enough to take hostile action against the US (even via the likely route of terrorist surrogates), then all Citgo properties should be seized. That includes the Lyondell-Citgo refinery in Houston.


50 posted on 02/05/2006 3:26:40 PM PST by Fred Hayek (Liberalism is a mental disorder)
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson