Private Foundation of CITGO Receives License Extension from U.S. Government

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.
 
“We are very thankful that the U.S. Government granted this license extension so that the Foundation can continue funding much needed medical care for our patients consistent with their grant agreements,” said CITGO Board Chairwoman Luisa Palacios. “Many innocent lives depend on support from the Foundation, and we are grateful that we can continue  carrying out our mission of helping those in need.”
 
About Simon Bolivar Foundation
Simon Bolivar Foundation Inc. was established in 2006 and is the 501(c)(3) non-profit private foundation of CITGO Petroleum Corporation. The Foundation exists primarily to give the gift of hope to those in need, including those who are critically ill and unable to pay for medical treatment. To do this, the Foundation provides access to specialized medical treatment and financial assistance to qualified patients in need by relieving the burden of excessive medical costs for patients and their families located in various countries. Specialized treatments are provided in collaboration with our worldwide network of hospitals and medical institutions. 
 
About CITGO
Headquartered in Houston, Texas, CITGO Petroleum Corporation is a recognized leader in the refining industry with a well-known brand. CITGO operates three refineries located in Corpus Christi, TX; Lake Charles, Louisiana; and Lemont, Illinois, and wholly and/or jointly owns 45 terminals, nine pipelines and three lubricants blending and packaging plants. With approximately 3,500 employees and a combined crude capacity of approximately 749,000 barrels-per-day (bpd), CITGO is ranked as the fifth-largest and one of the most complex independent refiners in the United States. CITGO transports and markets transportation fuels, lubricants, petrochemicals and other industrial products and supplies a network of approximately 4,900 locally owned and operated branded retail outlets in 30 states and the District of Columbia. CITGO Petroleum Corporation is owned by CITGO Holding, Inc. For more information, visit www.CITGO.com.