Venezuela to oust US executives from its US refining subsidiary, Citgo


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Venezuela to oust US executives from its US refining subsidiary, Citgo

When the United States and Venezuela have been involved in a rattling battle all over the world, which also includes a recent US sanction on Venezuelan oil firm, PDVSA, which used to export over 5,20,000 million barrel of heavy crude per day to United States, in order to put pressure on Maduro to step aside from the government office and hold a fair election under opposition leader, Juan Guaido, the Venezuelan State-owned oil firm, PDVSA has been taking steps to remove at least two US executives from the board of directors of its US refining subsidiary, Citgo Petroleum Corp., spokesman familiar with the subject matter revealed on Sunday, the 10th of February, 2019.

Citgo was facing extreme challenges to its management and finances after the US president had imposed tough sanctions on Venezuelan oil to cripple the country’s oil dependent economy. However, the armed-forced backed socialist President of Venezuela, Nicolas Maduro declined to step down and commented that, every Venezuelan citizen’s blood would be on the hands of US president Donald Trump over the recent leg of political turmoil in the country.

However, while being asked for comments regarding the recent dismissal of US executives from Citgo Petroleum, both Citgo and PDVSA declined to comment.