1990 Fox Television’s animated program “The Simpsons” made its television debut; “America’s Funniest Home Videos” was the most popular television show.
1990 CITGO became wholly owned by PDVSA.
1990 The former Champlin Refinery in Corpus Christi, Texas, which was purchased by PDVSA from Union Pacific was integrated into the CITGO refining network.
1990 CITGO acquires the Seaview Asphalt Company, headquartered in Blue Bell, PA with a refinery in Paulsboro, NJ.
1990 CITGO honored with the prestigious Petroleum Marketers Association of America Supplier Cup.
1991 Soviet Union collapses.
https://www.citgo.com/AboutCITGO/CITGOHeritage/CITGOHeritage1990s.jsp
"Company Overview
CITGO Refining and Chemicals Company L.P. engages in refining and petrochemical manufacturing operations.
The company was formerly known as Champlin Refining & Chemicals, Inc. The company was founded in 1995 and is based in Tulsa, Oklahoma.
CITGO Refining and Chemicals Company L.P. operates as a subsidiary of CITGO Petroleum Corporation.
6100 South Yale Avenue
Suite 1200
Tulsa, OK 74136
United States
Founded in 1995
Phone:
918-495-4000
Fax:
918-495-4511
___________
Citgo has been cited by environmentalists for using crude oil from the Amazon region, at their Corpus Christi and Lake Charles refineries in particular. In 2015, the Corpus Christi refinery was processing 16,337 barrels of crude oil per day coming from the Amazonian rainforest.
Possible sale to Russia
Due to the poor state of Venezuela's economy that includes a high risk of default and a 2016 deal offering 49.9% of Citgo as collateral for a $1.5 billion loan to Russia, it is possible that the Bolivarian Government of Venezuela may give Citgo to Rosneft, Russia's government-run oil company.
Both Republicans and Democrats in the United States urged oversight on this deal, describing CITGO's sale to Russia as a risk to the national security of the United States.
No comments:
Post a Comment