Tuesday, January 16, 2018

Citgo says it will keep its headquarters in Houston


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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