ESPACIO PUBLICITARIO
CARACAS, Wednesday September 27, 2006 | Update
 
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7-Eleven chain stores stop procurement by Citgo
  NUEVOMEDIA
Wednesday September 27, 2006  03:35 PM

No more gasoline will be bought by 7-Eleven chain stores from Citgo, a subsidiary of state-run holding Petróleos de Venezuela (Pdvsa) based in the United States. Instead, the retail chain is to find another fuel supplier.

7-Eleven Inc., a group of stores of basic commodities with about 5,300 outlets across the United States, announced Wednesday that will buy gasoline from several vendors, including Tower Energy Group, located in Torrance, California; Sinclair Oil, of Salt Lake City and Houston firm Frontier Oil Corp, AP quoted.

A speaker of the company seated in Dallas explained that the 20-year agreement with Citgo Petroleum Corp. will expire next week. About 2,100 out of the 5,300 stores property of 7-Eleven sell gasoline.

The Pdvsa subsidiary felt the impact of the comments made by President Hugo Chávez last week during the opening session of the United Nations (UN) General Assembly in New York City. There, Chávez labeled his US counterpart George W. Bush as "the devil".

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Oil Scenario


Oil exports to China in 2015 are to match current oil shipments to the US
Oil exports to China in 2015 are to match current oil shipments to the US

HYDROCARBONS Rafael Ramírez, Venezuela's Minister of Petroleum and Mining and president of state-run oil company Petróleos de Venezuela (Pdvsa) specified that oil exports to China would be equal to current shipments of Venezuelan oil to the United States.

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