July 10, 2014 5:04 PM ET

Oil, Gas and Consumable Fuels

Company Overview of CITGO Petroleum Corporation

Company Overview

CITGO Petroleum Corporation engages in refining and marketing of transportation fuels, lubricants and oils, petrochemicals, and other industrial products. It produces various consumer products ranging from gasoline grades for everyday use to diesel fuels and motor distillate fuels, such as heating oils, jet fuels, and kerosene; and lubricants for use in cars, trucks, tractors, trains, lawnmowers, and leaf blowers. The company also offers commercial products ranging from distillates and unbranded gasoline to lubricants to petrochemical and solvents for businesses. In addition, it provides lubricants and oils, including compressor products, engine oils, final drive oils, functional products, g...

1293 Eldridge Parkway

Houston, TX 77077-1670

United States

Founded in 1910

4,000 Employees





Key Executives for CITGO Petroleum Corporation

Vice President of Finance
Corporate Treasurer
Vice President of Legal Affairs
Corporate Controller
Compensation as of Fiscal Year 2014.

CITGO Petroleum Corporation Key Developments

US Vermont Sues BP, Chevron, Citgo, ConocoPhillips, ExxonMobil, Shell, Total and Valero, Alleges MTBE contamination

The US state of Vermont is alleging that more than two dozen gasoline refiners caused widespread groundwater pollution by using methyl tertiary butyl ether (MTBE). The state is seeking damages so it can clean up the alleged contamination. The additive is banned in Vermont, but state agencies continue to deal with past releases of MTBE and continue to discover more contaminated wells. The contamination is in violation of Vermont's groundwater protection act. Refiners listed in the lawsuit include BP, Chevron, Citgo, ConocoPhillips, ExxonMobil, Shell, Total and Valero. The lawsuit was filed in Washington Superior Court in Vermont. The case number is 340-6-14.

CITGO Petroleum Corp. Agrees to Reduce Air Pollution and Pay Penalty to Resolve Clean Air Act Violations

CITGO Agrees to Reduce Air Pollution and Pay Penalty to Resolve Clean Air Act Violations at Two Refineries The Department of Justice and U.S. Environmental Protection Agency (EPA) announced that Houston-based CITGO Petroleum Corp. (CITGO) has agreed to pay a $737,000 civil penalty and to implement projects to reduce harmful air pollution, resolving alleged violations of the Clean Air Act (CAA) at its petroleum refining facilities located in Lemont, Ill., and Lake Charles (Westlake), La. In addition to the penalty, settlement, lodged in U.S. District Court for the Southern District of Texas, requires that CITGO implement projects that are expected to reduce emissions of volatile organic compounds (VOCs), including toxics, by more than 100 tons over the next five years.

CITGO Petroleum Corporation Appoints Nelson P. Martinez as President and CEO, Chairman and Member of the Board of Directors

CITGO Petroleum Corporation announced that Dr. Nelson P. Martinez has assumed the position of president and CEO. Additionally, Martinez had been appointed as chairman and member of the board of directors on May 23, 2013. These positions had previously been held by Alejandro Granado. In his new role, Martinez will oversee all aspects of the operations of one of the refiners in the United States with an aggregate crude oil refining capacity of 749,000-bpd and a network of 48 owned or jointly owned petroleum terminals. Before being appointed chairman and member of the board of directors, and president and CEO of CITGO, Martinez served as the managing internal director for Petroleos de Venezuela, S.A.

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