PDVSA CITGO A Stability in Uncertainty
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PDVSA CITGO A is a global petroleum company with a 95%+ share in Venezuela, PDVSA, and CITGO is the subsidiary to CITGO that has been present in US since 1983. I was appointed as a Marketing and Communications Consultant for both companies. For PDVSA I served in the Marketing, Public Relations, Advertising, Social Media, Financial Reporting, as well as Business Development. For CITGO I was a part of the Public
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Brief overview: We are a company engaged in trading oil products. At a certain time, we have to face an unexpected oil spillage from our CITGO facility. The entire production process came to a standstill, and we had to devise a plan to stabilize the situation and restore the normal production. First, it started to spread from small, inconsequential leaks to large spills. It had to be shut down completely; the cost of cleaning up was beyond the company’s ability to absorb. It
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PDVSA’s strategic decision to divest half of its CITGO retail operations to Citgo’s US parent Citgo in 2013 proved to be the right choice. CITGO became a significant contributor to the US oil company PDVSA’s (formerly PDV) profitability since 2013 and 2014, and the company has since reaped a number of positive results. Since then, CITGO has significantly improved its financial performance, boosting PDVSA’s