Saturday, February 9, 2008

Citgo: Court orders won by ExxonMobil won't affect operations

Citgo, the U.S. subsidiary of Venezuelan state-owned oil company PDVSA, said that its refining and marketing operations will not be affected by court orders won by ExxonMobil against its parent. 'None of the orders obtained by ExxonMobil relate to Citgo and none have any impact whatsoever on Citgo's business,' the Houston, Texas-based company said in a statement.

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