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Chairman: CITGO net income up $ 1.5 billion
Petroleumworld
CARACAS
Petroleumworld.com 12 27 06Citgo's Chairman Félix Rodríguez reported that a net income for 2006 could reach us dollars $ 500 million, local daily Panorama reported on Sunday.
Despite the sale of some property overseas, activities of the PDVSA subsidiary in the United States that included a program on supply of economical heating oil to low-income communities, the management of Citgo Petroleum Corporation, The subsidiary of oil holding Venezuela's PDVSA based in the United States, shown favorable signals in the US market based on increasing dividends.About USD 800 million in dividends have been transferred to Venezuela, reported the newsdaily. In addition to incoming funds from the sale of assets, including 41 percent from Lyondell refinery, revenues will exceed USD 2.1 billion.
Rodriguez added, that in 2007, no additional sales of assets are planned. Only a few businesses in some asphalt-related plants are being assessed.
Petroleumworld 26 12 06
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