Citgo was Venezuela’s most important foreign asset, with three major refineries and a vast U.S. retail network. Was. It was confiscated to cover V's gov't bond default and sold to U.S. private equity.
Citgo would be way more profitable running the oil it was built to handle.
November 26, 2025 at 4:12 PM
Citgo was Venezuela’s most important foreign asset, with three major refineries and a vast U.S. retail network. Was. It was confiscated to cover V's gov't bond default and sold to U.S. private equity.
Citgo would be way more profitable running the oil it was built to handle.