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RE: Citgo sells stake in Houston refinery

Home Forums Refining Community Refinery News Citgo sells stake in Houston refinery RE: Citgo sells stake in Houston refinery

#7566

Charles Randall
Participant

Looks like Citgo decided to sell out its share at the top after all. 
 
I had just seen a UBS review last week that said both Lyondell & Citgo were happy at the refinery earnings and decided not to sell – and that bids they did see were along the markets estimated  $20,000/BBL range (~$5.4 Billion). 

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