Citgo as a Proxy for Venezuelan Oil in the United States

While Citgo traces it’s origins to Oklahoma in 1910, by the 1990s the company was fully acquired by Petróleos de Venezuela (PDVSA) which is Venezuela’s state-owned oil and natural gas company. Many have criticized the way PDSVA has been used as a political tool for Hugo Chavez’s socialist government. In 2007, for example, PDVSA expropriated assets…