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CITGO Steps up After Severe Winter Storms Hit Texas, Louisiana

CITGO Steps up After Severe Winter Storms Hit Texas, Louisiana
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Jose R. Pocaterra Elected Chairman of the CITGO Board of Directors

Press release content from PR Newswire. The AP news staff was not involved in its creation.
Jose R. Pocaterra Elected Chairman of the CITGO Board of Directors
February 12, 2021 GMT
CITGO Logo (PRNewsfoto/CITGO Corporation)
HOUSTON, Feb. 12, 2021 /PRNewswire/ The CITGO Petroleum Corporation Board of Directors announced today that Jose R. Pocaterra has been elected Chairman of the Board of Directors.
Mr. Pocaterra brings more than 20 years of financial professional experience in the oil and gas industry. Mr. Pocaterra held various positions in the Budget, Planning and Financial Reporting area for Sincrudos de Oriente (SINCOR), a joint venture between Petróleos de Venezuela, TOTAL and EQUINOR for the production and upgrading of extra-heavy oil in the Orinoco Belt in Venezuela. His background also includes roles in procurement for U.S.-based Energy Logistics Inc. in Houston, data analysis for Swift Oil & Gas in Mobile, Ala. during the Deepwater Horizon crisis, a ....

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Oil refiner Citgo Petroleum elects Jose Pocaterra as chairman of its board

By Reuters Staff
2 Min Read
HOUSTON (Reuters) - U.S. oil refiner Citgo Petroleum Corp said on Friday its board elected Jose Pocaterra, its newest member, as chairman of its board of directors.
Slideshow ( 2 images )
Pocaterra, a finance executive who joined the Citgo board a month ago, replaces former Chairperson Luisa Palacios, who stepped down in October and remained a director.
The new chairperson “brings more than 20 years of international experience in the financial, business and planning areas within the oil and gas industry,” said Carlos Jordá, Citgo’s chief executive.
The Houston-based company is owned by Venezuela, but its leadership split with the government of President Nicolas Maduro, whose 2018 reelection was widely denounced as a sham. ....

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UPDATE 1-Oil refiner Citgo Petroleum elects Jose Pocaterra as chairman of its board

路透新闻部
(New throughout, adds details, background)
HOUSTON, Feb 12 (Reuters) - U.S. oil refiner Citgo Petroleum Corp said on Friday its board elected Jose Pocaterra, its newest member, as chairman of its board of directors.
Pocaterra, a finance executive who joined the Citgo board a month ago, replaces former Chairperson Luisa Palacios, who stepped down in October and remained a director.
The new chairperson “brings more than 20 years of international experience in the financial, business and planning areas within the oil and gas industry,” said Carlos Jordá, Citgo’s chief executive.
The Houston-based company is owned by Venezuela, but its leadership split with the government of President Nicolas Maduro, whose 2018 reelection was widely denounced as a sham. ....

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CITGO Corporation Refinances Debt

Press release content from PR Newswire. The AP news staff was not involved in its creation.
CITGO Corporation Refinances Debt
CITGO Logo (PRNewsfoto/CITGO Corporation)
HOUSTON, Feb. 11, 2021 /PRNewswire/ CITGO Petroleum Corporation (the “Company”) confirmed today it has completed its previously announced private offering of $650 million aggregate principal amount of 6.375% senior secured notes due 2026 (the “notes”). The transaction was significantly oversubscribed, with participation from a broad and diverse group of investors.
“We proactively accelerated this refinancing to take advantage of favorable market conditions,” said President and CEO Carlos Jordá, “which yielded beneficial pricing on an extended maturity. These results, combined with the excellent investor participation, prove once again that our underlying financial and operational strategies are sound and investor confidence in CITGO remains high.” ....

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