Citgo sale tied to long-term supply

摘要

Venezuelan state-owned PdV will sell its US downstream subsidiary Citgo “when we receive a proposal conveni-ent for our interests”,energy minister and vice-president for economic affair Rafael Ramirez says.PdV values Cit-go’s assets at“a little over$10bn”,but expects to negotiate a higher price, Ramirez says.Citgo’s 425,000 b/d Lake Charles,Louisiana,and 165,000 b/d Corpus Christi,Texas,refineries ar engineered to process Venezuelan heavy sour grades.