PDVSA

CAROUSEL-pdvCreated in 1975, Petroleos de Venezuela S.A., the state-owned corporation of the Bolivarian Republic of Venezuela, is responsible for the efficient, profitable, and dependable exploration, production, refining, transport and commerce of hydrocarbons.

This company is deeply committed to environmental protection and its main objectives are to foster the harmonic development of the country, to guarantee sovereignty of national resources, to increase endogenous development and to serve and benefit the Venezuelan people, who correspond to their share of the country’s national wealth. The company is focused on the creation and innovation of Venezuela-made technologies, so as to generate quality jobs, economic growth and the creation of wealth and welfare for its people.

citgoCITGO Petroleum Corporation, a Delaware corporation with headquarters in Houston, refines, markets and transports gasoline, diesel fuel, jet fuel, lubricants, petrochemicals, and other petroleum-based industrial products.

CITGO has 3,700 employees and is owned by PDV America, Inc., an indirect, wholly owned subsidiary of Petróleos de Venezuela, S.A. (PDVSA), the national oil company of the Bolivarian Republic of Venezuela.

CITGO owns and operates three highly complex crude oil refineries located in Lake Charles, La. (425,000 barrels-per-day [bpd]), Lemont, Ill., (167,000-bpd) and Corpus Christi, Texas, (157,000-bpd). These refineries process approximately 285,000 bpd of Venezuelan crudes, including supplies from Orinoco Oil Belt upgraders. CITGO’s combined aggregate crude oil refining capacity of 749,000-bpd positions it as one of the largest refiners in the nation. The company owns and/or operates 48 petroleum product terminals, one of the largest networks in the country.

In 2011, CITGO sold a total 14.9 billion gallons of refined products. The company markets motor fuels to independent marketers who consistently rate CITGO as one of the best branded supplier companies in the industry. CITGO branded marketers sell motor fuels through approximately 6,100 branded retail outlets.

CITGO markets jet fuel directly to airlines and produces a variety of agricultural, automotive, industrial and private label lubricants which are sold to independent distributors, mass marketers and industrial customers as well as other clients. In addition, the company sells petrochemicals and industrial products directly to various manufacturers and industrial companies throughout the United States.

Tags

Comments are closed.