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U.S. refiner Citgo taking offers on $1.8-billion, three-year loan ...
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U.S. Moves To Protect PDVSA-Owned Citgo For …
WebDec 19, 2024 · To secure the deal, worth around $3.4 billion, the government collateralized the new bonds with 50.1 percent shares of Citgo Petroleum Corporation, its American-based oil company. WebMay 7, 2024 · The Company reported a net loss of approximately $(255) million for the fourth quarter of 2024, along with EBITDA 1 of approximately $(264) million and adjusted EBITDA of approximately$(204) million. Citgo Petroleum Corporation (or Citgo, stylized as CITGO) is a United States–based refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. Headquartered in the Energy Corridor area of Houston, it is majority-owned by PDVSA, a state-owned company of the Venezuelan government (although due to U.S. sanctions in 201… slow cooker twice baked potatoes