Venezuela's PDVSA Mortgages US Refinery Citgo to Russia's Rosneft
The lien means that should Citgo or PDVSA default, Russia’s state controlled oil company Rosneft could end up owning strategically important oil refineries and pipelines in the United States.
Citgo owns oil and gas pipelines throughout the country as well as oil refineries in Corpus Christi, Texas; Lake Charles, Louisiana; and Lemont, Illinois (outside of Chicago). Citgo’s refineries can refine 749,000 barrels per day and the Lake Charles refinery is the sixth-largest refining facility in the U.S …. http://laht.com/article.asp
Source: http://luismmx.blogspot.com/2016/12/venezuelas-pdvsa-mortgages-us-refinery.html
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