Deals
Chavez Propaganda Tool for Sale as Crisis Worsens: Andes Credit
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A decade ago, Hugo Chavez started using Venezuela’s Citgo Petroleum Corp. to provide heating oil to the poor in the U.S. to spread his socialist message. His successor is now seeking to sell the company to stem the South American country’s deepening economic crisis.
State-owned producer Petroleos de Venezuela SA wants at least $10 billion for Citgo, its U.S. refining and distribution arm, company president and Oil Minister Rafael Ramirez said Aug.