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Exclusive: Venezuela moves to replace U.S. executives on Citgo board -sources

Reuters 

By Marianna Parraga and Deisy Buitrago(Reuters) - Venezuelan state-run oil company PDVSA is taking steps to remove at least two American executives from the board of directors of its U.S. refining subsidiary, Citgo Petroleum Corp, according to people close to the matter.Citgo is facing unprecedented challenges to its finances and management after the U.S. government last week imposed tough sanctions on Petroleos de Venezuela designed to prevent oil revenue from going to leftist President Nicolas Maduro. The United States and dozens of other nations have refused to recognize Maduro, viewing ...

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First Published: Sun, February 10 2019. 10:03 IST
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