Press Releases

A Delaware court affirmed the authority of the Guaido Government to make appointments to the CITGO Petroleum Corporation Board of Directors (in Jiménez et al. v. Palacios et al.). CITGO responded that this decision is an important victory. The Court’s affirmation of the Guaido government’s authority to appoint the directors of CITGO, through its authority to appoint the directors of PDVSA, follows more than a century of precedent, as well as multiple U.S. courts that have recognized the Guaido government as the legitimate representative of the Venezuelan people.

CITGO Holding, Inc., parent company of CITGO Petroleum Corporation (CPC), confirmed today it has completed its previously announced refinancing transactions to redeem and pay-off $1.870 billion of...

HOUSTON, August 1, 2019 – CITGO Petroleum Corporation (CITGO) is proud to announce a new promotional and philanthropic partnership with the Michigan Athletics (U of M) and Michigan State...

The Simón Bolívar Foundation, the 501(c)(3) non-profit, private foundation of CITGO Petroleum Corporation, held an educational and networking event last night for the Houston community regarding...

CITGO Holding, Inc. (the "Company") today announced that it has priced $1.370 billion aggregate principal amount of 9.25% senior secured notes due 2024 in a private offering exempt from the...

LEMONT, Ill. – July 23, 2019-- On June 25, CITGO Petroleum Corporation’s Lemont Refinery held its 23rd annual Driving for a Cure Golf Outing. Teeing off at the Cog Hill Golf and Country Club...

Simon Bolivar Foundation Inc., the 501(c)(3) non-profit, private foundation of CITGO Petroleum Corporation, today received a one-year license extension from the U.S. Government to continue supporting its existing patients.  The license extension expires on July 31, 2020. The Foundation was affected by the sanctions applied to Venezuela and Petróleos de Venezuela, S.A., on Jan. 28, 2019 and has since been operating under a license which was set to expire on July 27, 2019.

CITGO Holding, Inc. (the "Company") today announced that it has commenced a private offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities...

Fitch Ratings - Chicago - 16 July 2019: Fitch Ratings has upgraded the long-term IDR of CITGO Holding, Inc. (Holdco) to 'CCC+' from 'CCC', upgraded the ratings of all senior secured debt at Holdco...

CITGO Holding, Inc. (the "Company") today announced that it intends to complete a refinancing of its existing senior secured notes (the "Proposed Refinancing Transactions"), subject to market and...