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The end of era: Venezuela's latest attempt to offload Citgo

from By Lucy Wallwork

The Citgo sign overlooking Fenway Park, home of the Boston Red Sox, is something of a local icon. But many Americans may be unaware of the Venezuelan owners of Citgo, which refines and distributes crude oil through 7,000 U.S. service stations. Now faced with an intensifying cash crisis, the Venezuelan state's plan to sell Citgo has brought the question of ownership back into the public eye. Although in a changed downstream landscape, buyers are hardly lining up at their door. more


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