Saturday, February 9, 2019

Venezuela moves to replace US executives on Citgo board | News

Venezuela‘s state-run oil company Petroleos de Venezuela (PDVSA) is taking steps to remove at least two American executives from the board of directors of its United States‘s refining subsidiary, Citgo Petroleum Corp, according to people close to the matter. Citgo is facing unprecedented challenges to its finances and management after the US government last week imposed tough sanctions on PDVSA

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