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Report: Venezuela’s Citgo Plans No Further Refinery Sales in 2007
The head of Venezuela-owned Citgo Petroleum Corp. said the company plans no further sales of refineries or other major assets next year, according to a media report.
Houston-based Citgo, which is wholly owned by Venezuela’s state oil company, sold its minority share in a Texas refinery to Lyondell Chemical Co. for $2.1 billion earlier this year.
