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Venezuela opposition will name new Citgo board this week: WSJ
Source: Reuters
WORLD NEWS FEBRUARY 6, 2019 / 9:53 PM / UPDATED 13 MINUTES AGO
Venezuela opposition will name new Citgo board this week: WSJ
WASHINGTON (Reuters) - Venezuela’s self-declared interim president, Juan Guaido, will name a new board for Citgo Petroleum Corp this week, Republican U.S. Senator Marco Rubio told the Wall Street Journal on Wednesday.
Citgo, the eighth-largest U.S. refiner and owned by Venezuelan state oil company Petroleos de Venezuela SA (PDVSA), is Venezuela’s top foreign asset.
But the United States has imposed sanctions on PDVSA as part of Washington’s bid to pressure Venezuelan President Nicolas Maduro to step down after he was re-elected last year in a vote critics have called a sham. The U.S. actions have, in turn, squeezed Citgo.
Venezuela’s opposition said on Wednesday it would use income accrued by Citgo since last month to finance its efforts to dislodge Maduro.
-snip-
Venezuela opposition will name new Citgo board this week: WSJ
WASHINGTON (Reuters) - Venezuela’s self-declared interim president, Juan Guaido, will name a new board for Citgo Petroleum Corp this week, Republican U.S. Senator Marco Rubio told the Wall Street Journal on Wednesday.
Citgo, the eighth-largest U.S. refiner and owned by Venezuelan state oil company Petroleos de Venezuela SA (PDVSA), is Venezuela’s top foreign asset.
But the United States has imposed sanctions on PDVSA as part of Washington’s bid to pressure Venezuelan President Nicolas Maduro to step down after he was re-elected last year in a vote critics have called a sham. The U.S. actions have, in turn, squeezed Citgo.
Venezuela’s opposition said on Wednesday it would use income accrued by Citgo since last month to finance its efforts to dislodge Maduro.
-snip-
Read more: https://www.reuters.com/article/us-venezuela-politics-citgo/venezuela-opposition-will-name-new-citgo-board-this-week-wsj-idUSKCN1PW07J
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Related: Venezuela’s Opposition Leader Guaidó to Name New Citgo Board, Sen. Rubio Says (Wall Street Journal)