I thought Citgo was an American corporation; how did it come to be run by Hugo Chavez?
1965 – Citgo gasoline brand was inaugurated in 1965 by the Cities Service Company, a United States based energy company. 1982 – Cities Service Company is acquired by Occidental Petroleum Corporation. 1983 – Citgo was sold to Southland Corporation (owners of the 7-Eleven chain of convenience stores). 1986 – 50% was sold to Petrleos de Venezuela. 1990 – The remaining 50% of Citgo sold to Peroleos de Venezuela.
