REUTERS/ DANIEL WALLIS/
After the recent sale of its 4 German refining assets, there is speculation that Venezuela will also unload its troubled U.S. subsidiary Citgo.
Citgo's 3 U.S. refineries produce almost 750,000 barrels per day and supply 10,000 gas stations.
President Hugo Chavez has also complained that Citgo it is a bad business that makes no profit for Venezuela.
But one analyst group reports: "We don't see the sale of Citgo happening in the short term. To realize this dream before a change in tide would probably mean leaving too much money on the table."
Popular Posts
- BRASIL / ITALY / GUATEMALA / USA / RUSSIA: 1 Dead, 7 Injured In Rio Fuel Tanks Fires/ Blasts; Ruby Heartstealer Admits Lying About Silvio's Sex Parties, Money; Ex-Prez Alfonso Portillo Extradited To USA For Money Laundering; Moscow Bans VKontakte By 'Mistake.'
- TECHNOLOGY : Today's 8 TWITTER Posts/Newslinks.
- BRASIL / RUSSIA / EL SALVADOR : Week's Best Images From TIME.
- RUSSIA / CZECH REP / SWEDEN / MEXICO / BRASIL: Gauging Navalny's Real Support; American Sought For 4 Murders In Brno; Rioting Near Stockholm Spreads On 4th Night; Vigilantes Continue Narco Fight In Tierra Caliente; October Auction Scheduled For Giant Libra Subsalt Field.
- CANADA / MEXICO / USA : 22 May UPDATE: BC Man And American Feared Kidnapped In Puerto Vallarta.
- COSTA RICA /CANADA : 21 May UPDATE: BC Resident Deering Murdered In Escazu Home Invasion; Travel Advisory Issued.
- EL SALVADOR : Supreme Court Ruling Threatens 60,000 Gang War Truce.
- BRASIL : Dilma Wins Port Privatization Approval From Congress.
- ARGENTINA : Former Dictator Jorge Videla Dies In Prison.
- BRASIL: Pantless Lover...Barely Escapes Jealous Husband...From 3rd Floor.