Retrieved from CITGO
The National Assembly statement did not provide a reason for the moves, which come after several previous management changes at the company. Citgo has lost hundreds of million dollars over six of the last eight quarters amid pandemic-related demand declines and storm shutdowns. Factions within the National Assembly have been fighting for influence at Citgo since last year. Some lawmakers have sought to require Citgo pay dividends to holding companies Citgo Holding and PDV Holding, a move Jorda long opposed, according to people familiar with the matter. Full Text -> Reuters
More Stories
The Power of Capitalism: How Venezuela went from rich to poor.
Meritocracia vs Igualitarismo: la visión de Ayn Rand para Venezuela
¿What the evidence says about the effects of the sanctions?