Lyondell Chemical buys out Houston refinery stake from Citgo

摘要

New York-Lyondell Chemical reported August 16 that it plans to pay 2.1 billion for Citgo's 41.25% stake in their Lyondell-Citgo joint venture that owns a 268,000 b/d refinery in Houston.Lyondell also confirmed information Citgo-parent PDVSA reported August 10,including a renegotiated new five-year,230,000 b/d crude oil contract with PDVSA for the Houston refinery.