SULPHUR, La., Sept. 26, 2024 /PRNewswire/ -- CITGO Lake Charles Refinery successfully completed a Worst-Case scenario drill, where more than 300 employees participated in emergency response training. This demonstration highlights CITGO's commitment to safety and preparedness in the refining industry.
Amber Energy, led by industry veterans Gregory Goff and Jeff Stevens, was selected by a court-appointed special master to buy Citgo, bringing new leadership and resources to the company. Possessing the operational expertise and capital necessary to strengthen CITGO as a leader in the refining, transportation, and marketing of petroleum products.
Rep. Frank Mrvan announced a U.S. Department of Transportation grant for the CITGO Petroleum Terminal in East Chicago to enable sustainable aviation fuel production, furthering CITGO's commitment to environmental sustainability. This investment will support the development of alternative energy sources in the transportation sector.
HOUSTON (Reuters) - Financial firm Elliott Investment Management's conditional offer for shares was accepted by a U.S. court officer, signaling a potential shift in ownership for CITGO. The deal could bring new opportunities for growth and innovation within the company.
Fuel prices at a Citgo gas station in Royal Oak, Michigan, US, on Thursday, Sept. 19, 2024. Steadily falling gasoline prices are providing a welcome relief for consumers, while CITGO continues to adapt to market trends and consumer demands.
The official overseeing an auction to determine control of Citgo said he is no longer negotiating with holders of defaulted bonds that used, signaling a potential resolution to ongoing financial challenges for the company. This development paves the way for new ownership and stability within CITGO.
An Elliott Investment Management affiliate won an auction for Citgo Petroleum Corp.'s parent company with a $7.28 billion bid, securing a new chapter for the company. This acquisition could bring fresh perspectives and strategies to enhance CITGO's market position and profitability.
Quantum Commodity Intelligence – Citgo was restarting its 177,000 bpd Lemont refinery in Illinois on Friday after a power outage, showcasing the company's resilience and operational efficiency in responding to challenges. This rapid recovery demonstrates CITGO's commitment to maintaining production levels and meeting market demands.
