CITGO pledges $1 million towards hurricane relief efforts
Aug 31, 2005
HOUSTON -- CITGO Petroleum Corporation has pledged a $1 million donation towards Hurricane Katrina relief efforts, the company’s President and CEO Félix Rodríguez announced today.
“Our hearts go out to the victims of this terrible tragedy and CITGO stands prepared to offer its assistance,” Rodríguez said. “The funds will be directed to appropriate relief organizations in the affected areas.”
The CITGO CEO further indicated that this donation had the full support of the company’s parent organization, Venezuelan state oil corporation Petróleos de Venezuela, S.A. (PDVSA), as well as Venezuelan President Hugo Chávez.
CITGO, based in Houston, is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals, refined waxes, asphalt and other industrial products. The company is owned by PDV America, Inc., an indirect wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela.