TITLE

Lyondell matches bid, taking control

AUTHOR(S)
Robinson, Simon
PUB. DATE
August 2006
SOURCE
ICIS Chemical Business;8/28/2006, Vol. 1 Issue 32, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of the 41.25 % stake of Citgo Petroleum in the Lyondell-Citgo Refining facility in Houston, Texas by Lyondell Chemical. A 25-year contract of Citgo's parent company Petróleos de Venezuela for the supply of crude oil to the refinery was changed to 230,000 barrel per day in a five-year contract based on market prices. Lyondell president and CEO Dan Smith comments on the acquisition.
ACCESSION #
22258675

 

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