I don’t think Valero is Venezuelan-owned.
“Valero Energy Corporation is a Fortune 500 international manufacturer and a marketer of transportation fuels, other petrochemical products, and power. It is headquartered in San Antonio, Texas, United States.”
New York Stock Exchange listed stock
Symbol: VLO
They control Citco. 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.
Valero Energy Corporation was created on Jan. 1, 1980, as the corporate successor of LoVaca Gathering Company, a subsidiary of the Coastal States Gas Corporation. Their main offices are in San Antonio, TX.
But OI do agree with one thing, quit buying Venezuela’s petroleum and let’s see how hard talking they will get. Especially when they get hungry.
rwood