Home › Forums › Refining Community › Refinery News › Update – PDVSA/Citgo to Sell Lubes, Base Oil & Tulsa Lab › RE: Update – PDVSA/Citgo to Sell Lubes, Base Oil & Tulsa Lab
Here is update – I was getting rumors on street that PDVSA/Citgo was selling / had sold more of US assets – but couldn’t find anything in print…until now! See 2 story versions on Lube/Base Unit sales.
Think ExxonMobil asset freeze of $12 Billion only recently removed may have accelerated plans Chavez has been talking about since 2005 & 2007 of dumping all US assets and picking up more Latin America refineries.
Also Here was last update for this Feb 2008 on PDVSA asset Terminal sale where funds went to ordinary expenses & talks about previous sales of Lyondell portion, Paulsboro, Savannah, and ect. <See story at link: Source: english.eluniversal.com/2008/02/25/en_eco_art_ordinary-expenses-de_25A1385363.shtml >