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Member since: Sat Oct 12, 2013, 10:55 AM
Number of posts: 2,305

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Rosneft/Russia may take over US company CITGO.

Source: CNN

"In a crazy twist of international events, Russia's state-owned oil company Rosneft might end up owning Citgo, a US energy company based in Houston, Texas."

"This isn't a direct takeover. Instead, it hinges on the ability of Venezuela's state-run oil company to pay back its Russian loan. The Venezuelan company owns Citgo, which was used as collateral for the loan."

"Both Republican and Democratic lawmakers are highly alarmed. In hotly worded letters to the Trump Administration in recent days, members of Congress and senators warned that it could be a big problem for US national security if Russia gets a hold of Citgo."

Read more: http://money.cnn.com/2017/04/10/news/economy/russia-us-oil-company-citgo/index.html

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