Venezuela sells $2.1bn refinery stake

The national oil company of Venezuela has sold a stake in an oil refinery to a US chemical firm for $2.1bn (€1.6bn). It is the second-largest M&A deal to come from the Latin American country.

Lyondell Chemical, a Texas-based chemical manufacturer, has bought a 41% stake in Lyondell-Citgo Refining, including Citgo Petroleum's portion of the refinery's debt. Citgo is a Houston-based refiner and marketer of oil products and a wholly owned subsidiary of Petróleos de Venezuela, the national oil company of Venezuela.

WSJ Logo
Meta Hires Top Apple AI Expert, Continuing Zuckerberg’s Recruitment PushExternal link

Meta Hires Top Apple AI Expert, Continuing Zuckerberg’s Recruitment Push