Changes - Future Looks Bright for CITGO's Three U.S. Refineries as Courtroom Drama Nears End

16/07/2025 11 min
Changes - Future Looks Bright for CITGO's Three U.S. Refineries as Courtroom Drama Nears End

Listen "Changes - Future Looks Bright for CITGO's Three U.S. Refineries as Courtroom Drama Nears End"

Episode Synopsis

The bitter, eight-year battle to control CITGO Petroleum’s three U.S. refineries could soon be coming to an end. A Delaware court has recommended a $7.38 billion bid from Dalinar Energy Corp., the U.S. subsidiary of Canadian miner Gold Reserve Ltd. There’s opposition, but a final decision could be just weeks away. In today’s RBN blog, we’ll discuss what a resolution would mean for the three refineries, which have a combined capacity of more than 800 Mb/d. 

More episodes of the podcast RBN Energy Blogcast