CITGO Petroleum Corp., which flies its brand flag at more than 4,300 U.S. gas stations, has a new owner. Amber Energy Inc., a newly formed company backed by a group of U.S. energy investors including Elliott Investment Management LP
CITGO is a subsidiary of Venezuela’s national oil company, Petróleos de Venezuela S.A. (PDVSA). With U.S. headquarters in Houston, the company owns and operates refineries in Lake Charles, Louisiana, Lemont, Illinois, and Corpus Christi, Texas, with a combined crude oil capacity of approximately 807,000 barrels per day (bpd), making it the fifth largest independent refiners in the United States.
Wholly or jointly, it also owns 42 terminals, eight pipelines and three lubricants blending and packaging plants. The company has approximately 3,600 employees.
CITGO supplies fuel to more than 4,300 independently operated branded retail outlets in 31 states, all east of the Rocky Mountains.
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