CITGO Becomes Wholly Owned by PDVSA
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.
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https://www.citgo.com/AboutCITGO/CITGOHeritage/CITGOHeritage1990s.jsp
https://www.citgo.com/AboutCITGO/CITGOHeritage/CITGOHeritage1990s.jsp
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While George H. Bush was President of the USA, CITGO and a major US refinery was sold to Venezuela.
Main article: Second Presidency of Carlos Andrés Pérez
"In February 1989, at the beginning of his second term as president, he accepted an International Monetary Fund proposal known as the Washington consensus. In return for accepting this proposal, the International Monetary Fund offered Venezuela a loan for 4.5 billion US dollars.
This cooperation with the IMF came about weeks after his victory in the 1988 presidential election, and a populist, anti-neoliberal campaign during which he described the IMF as
"a neutron bomb that killed people, but left buildings standing" and said that World Bank economists were "genocide workers in the pay of economic totalitarianism".[5]
In 1992, his government survived two coup attempts.
The first attempt took place February 4, 1992, and was led by Lieutenant-Colonel Hugo Chávez, who was later elected president"
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" March 20, 1993, Attorney General Ramón Escovar Salom introduced action against Pérez for the embezzlement of 250 million bolivars belonging to a presidential discretionary fund, or partida secreta"
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