The Venezuelan refiner confirmed it is
maintaining its Houston home after its new president and CEO, Asdrúbal Chávez,
a cousin of the late Venezuelan president Hugo Chávez, arrived in Houston last
week to attend his first meetings. But Citgo at first would not address the
potential headquarters change. The CEO change came amid the company’s ongoing
controversies regarding the arrests of the company’s previous leadership team
in Venezuela late last year. Citgo is a subsidiary of the state oil company in
Venezuela, which is mired in economic and political turmoil. More…
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