Citgo names new CEO

Houston-based refiner Citgo Petroleum Corp., a subsidiary of Venezuela’s state-owned oil company Petróleos de Venezuela S.A., or PDVSA, has named a new CEO amid political and legal struggles.

Carlos Jorda was selected for the role following a “thorough and extensive search process” that began earlier this year, according to an Aug. 14 press release. For the past 16 years, he served as a consultant in the oil and gas industry, but he previously was president of PDV America and chairman of the Citgo…

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