Join the conversation:

PBF Energy possibly interested in buying Pdvsa's assets in the US

PBF Energy possibly interested in buying Pdvsa's assets in the US

Posted by Dubraswka Aguilar on August 02, 2014

PBF Energy has been looking potential acquisitions and market chatter that Venezuela's state-owned oil company Petróleos de Venezuela (Pdvsa) is considering offers to buy its US Citgo Petroleum assets is "certainly something we would follow up on," said PBF CEO Tom O'Malley on Friday.

The company also has been looking at opportunities "particularly in California" because that's where most potential acquisitions have been, O'Malley remarked.

"But you can assume we will follow up on absolutely everything. That's our job," he said, as Reuters reported.

Citgo owns three US refineries in Louisiana, Texas and Illinois.

Link To Full Article: 

Facebook comments



Monthly newsletter featuring articles hand picked by our country managers from the best content across PanamericanWorld.



Monthly newsletter featuring articles hand picked by our country managers from the best content across the Caribbean Region on PanamericanWorld.

PANAMERICANWORLD COUNTRIES