16.8 C
New York
Saturday, October 23, 2021

CITGO says CEO’s U.S. visa has been revoked

CITGO says CEO's U.S. visa has been revoked© Reuters. The logo of PDVSA’s U.S. unit Citgo Petroleum is seen at a gas station in Stowell

(Reuters) – Citgo Petroleum Corp [PDVSAC.UL], the U.S. subsidiary of Venezuelan state-run oil company PDVSA [PDVSA.UL], said on Wednesday that the U.S. visa of its President and Chief Executive Asdrubal Chavez has been revoked.

The company statement did not give a reason. But Citgo executives have been targeted for individual sanctions by the United States in an effort to isolate the country’s leadership under President Nicolas Maduro.

Citgo did not immediately respond to a request for comment.

Chavez, the cousin of late Venezuelan President Hugo Chavez, had previously been granted a U.S. visa. He was named head of Citgo by Maduro in 2017.

U.S. efforts to target Venezuela included sanctions against state-run companies, individual sanctions against dozens of officials close to Maduro, and Maduro himself. Adan Chavez, the late president’s brother, is among the officials sanctioned by the United States.

“The day-to-day operations of CITGO remain uninterrupted and senior leadership remains unchanged,” a Citgo spokeswoman said in a statement.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

10,836FansLike
12,893FollowersFollow
756FollowersFollow
- Advertisement -

Latest Articles

Popular Articles