First Quarter of 2025: CITGO reports operational advancements and improved results in a challenging environment
The Ad Hoc Board of Directors of Petróleos de Venezuela S.A. acknowledges the operational performance and strategic advancements achieved by CITGO Petroleum Corporation during the first quarter of 2025, in a context marked by high volatility in the markets and challenges stemming from the global macroeconomic environment and evolving trade policies. Despite adverse conditions, CITGO […]
CITGO prepares to lead in a new cycle of high energy demand in the U.S.
Investments in modernization, financial resilience and operational excellence drive the company’s strategic position in 2024. Houston, Texas – April 2025 The Ad Hoc Board of PDVSA presented its management results for fiscal year 2024, highlighting the solid performance of its subsidiary CITGO Petroleum Corporation in a year marked by volatile refining margins and global macroeconomic […]
CITGO’s Future: Opportunities in a Dynamic Energy Environment
CITGO’s future appears to be marked by an environment of challenges and opportunities in the energy sector. Recent information on the projected decline in oil inventories in the United States, as a result of refinery closures and an increase in demand for refined products, opens a strategic window for the company. According to the U.S. […]
An Integration Proposal Between Refineries and Petrochemicals to Support the Reconstruction of Venezuela’s Energy and Industrial Sector
The energy industry in industrialized countries is characterized by its flexibility and agility in producing high volumes of refined products, specialty chemicals, and petrochemical inputs that meet local and regional market demands. These industries promote integration among refineries, petrochemical complexes, biorefineries, and natural gas producers. Additionally, they invest in modernization, process control, automation, and real-time […]
PDVSA alleges that the CITGO auction process “inappropriately” favors the bondholders.
BOSTON – En medio de la noche, cuando el aire se carga con la energía del béisbol y la emoción de la ciudad, un ícono brilla con fulgor sobre los tejados de Kenmore Square: ¡el Cartel de Citgo! ¿Quién no ha levantado la mirada y se ha sentido abrazado por el resplandor de su triángulo […]
The CITGO Cartel, Boston’s Enlightened Treasure!
BOSTON – En medio de la noche, cuando el aire se carga con la energía del béisbol y la emoción de la ciudad, un ícono brilla con fulgor sobre los tejados de Kenmore Square: ¡el Cartel de Citgo! ¿Quién no ha levantado la mirada y se ha sentido abrazado por el resplandor de su triángulo […]
CITGO Petroleum reported first-quarter profit of $410 million
HOUSTON, 9 de mayo (Reuters) – El refinador de petróleo estadounidense Citgo Petroleum, filial de PDVSA, reportó el jueves que su utilidad neta del primer trimestre fue $410 millones.La compañía propiedad de Venezuela dijo que su rendimiento aumentó a 830,000 barriles por día, el tercero más alto en su historia, frente a 814,000 bpd en […]
