Sanctions barring U.S. imports put Citgo at disadvantage
28.07.2021
MOSCOW (MRC) -- Sanctions barring U.S. imports of Venezuelan crude put refiner Citgo Petroleum Corp at a disadvantage to better-financed rivals, the board chair named by Venezuela's political opposition for state oil company PDVSA said, as per Reuters.Many refineries on the U.S. Gulf Coast - including Citgo's facilities in Texas and Louisiana - were designed to process heavy, sour crudes,