As Venezuela's government reduces the workweek to two days to save money and cuts off imports to avoid bankruptcy, the country has only one major overseas asset left: a refining company in Houston called Citgo, the Houston Chronicle reports.
"They are heavily leveraging Citgo because they want the cash," said Francisco Monaldi, fellow in Latin American energy policy.
Houston Chronicle (subscription required): http://bit.ly/1O7ymNV
Jan 19 2022 | Baker Institute
Gabriel Collins , Michelle Michot Foss
Jan 18 2022 | Center for Energy Studies