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Venezuela's PDVSA ratifies Asdrubal Chavez as head of US units including Citgo
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Venezuela's PDVSA ratifies Asdrubal Chavez as head of US units including Citgo
Mar 17, 2026 8:50 AM

CARACAS, March 17 (Reuters) - The board of directors of

Venezuela's state-run PDVSA this week ratified Asdrubal Chavez

as head of the oil company's U.S. subsidiaries PDV Holding,

Citgo Holding and Citgo Petroleum, a document seen by Reuters

showed, a decision that follows U.S. President Donald Trump's

support of interim President Delcy Rodriguez's administration.

Chavez had been denied a U.S. visa to run Citgo before U.S.

sanctions were imposed on the country in 2019. He and his team

would now need clearance from the U.S. Treasury Department to

take over the refining company, whose ownership could change if

the Treasury approves the results of the U.S. court-organized

auction of its parent, PDV Holding.

If was not immediately clear if Rodriguez is seeking a new

U.S. authorization for Chavez and his team to run the

subsidiaries.

Nelson Ferrer, Alejandro Escarra and Ricardo Gomez were also

appointed directors of the subsidiaries.

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