sign supplies

Citgo Petroleum Corporation or Citgo, a subsidiary of the Venezuelan state-owned petroleum company, is a United States incorporated firm refiner and marketer of gasoline, lubricants, petrochemicals and other petroleum products. PDVSA is controlled by the Venezuelan government of Hugo Chávez. The Citgo gasoline brand was inaugurated in 1965 by the Cities Service Company, a United States based energy company that first rose to prominence in the early 1900s. Cities Service Company was acquired by Occidental Petroleum Corporation in 1982. That same year, Cities Service Company transferred all of the assets of its Refining, Marketing and Transportation division (which comprised its refining and retail petroleum business) into the newly formed Citgo Petroleum Corporation subsidiary, to ease the divestiture of the division. Sign Supplies, Machinery & materials to. In 1983, Citgo and the Citgo brand was sold by Occidental to Southland Corporation, owners of the 7-Eleven chain of convenience stores; 50% was sold to Petróleos de Venezuela in 1986, and the remainder in 1990. As of 2004, it is headquartered in Houston, Texas, with over 4,000 employees and annual revenue in excess of $32 billion. Citgo has supplied 14,000 retailers, but in July 2006 announced plans to cease serving 14% of their independent retailers in the United States. Before relocating its headquarters to Houston, Citgo was headquartered in Tulsa, Oklahoma.