russian oil, champlin refinery

http://www.businessinsider.com/r-update-1-venezuela-arrests-acting-president-of-us-refiner-citgo-2017-11?r=UK&IR=T


"In the case of the Citgo arrests, Saab said his office had uncovered a $4 billion planned deal with foreign firms that would have seen Citgo "unfairly" indebt itself and even be offered as guarantee for the loan."

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Citgo was founded as an American company more than 100 years ago but has operated as a PDVSA subsidiary for three decades. The company employs about 4,000 worker and contractors in the United States, including more than 800 in Houston. Citgo has about 160 branded gas stations in the Houston area, and about 5,500 stations nationwide. Citgo also owns oil refineries in Corpus Christi; Lake Charles, La.; and Illinois.


Saab accused the men of acting as spies for North American interests in exchange for a few dollars.

http://www.houstonchronicle.com/business/article/Venezuela-detains-Citgo-executives-in-corruption-12376193.php

"Two other rating agencies - Fitch and Standard & Poor's - have also determined that Venezuela's government is in default.

 (Fitch is majority owned by the Hearst Corp., the parent company of the Houston Chronicle.)