CITGO closed 2025 with increased profits and new production records
In 2025, CITGO once again established itself as a model of operational excellence and an industry leader, with exceptional results, new processing records, strong financial stability, and high standards of safety and transparency. These achievements demonstrate the technical expertise and commitment of the workforce and the entire corporate chain to maintaining professional and responsible management, […]
Legal certainty and oil industry reconstruction: foundations for Venezuela’s reintegration into global energy markets
Countries do not achieve prosperity solely through the existence of natural resources within their territory. Wealth is generated when those resources can be exploited efficiently, sustainably, and under clear rules. To this end, it is essential to have solid institutions and a reliable legal framework that guarantees stability, predictability, and protection for investment. This premise […]
CITGO: Defending What Is Ours, So We Can Begin Again
As this year draws to a close, it is inevitable that we pause and ask ourselves why we are still here. Not only in legal or procedural terms, but in a deeper sense: what are we defending and for whom? The answer is simple, though not easy to sustain over time: we are defending what […]
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 […]
