CITGO is a refiner and marketer of transportation fuels, lubricants, petrochemicals, refined waxes, asphalt and other industrial products. The company is owned by PDV America, Inc., an indirect, wholly owned subsidiary of Petroleos de Venezuela, the national oil company of the Bolivarian Republic of Venezuela, who bought it in the early 1990s. CITGO also has the capacity to refine more than 1 million barrels of crude oil per day, and markets more than 600 different types of lubricants and waxes. It markets CITGO branded gasoline through 13,540 independent retail outlets in the US, mainly east of the Rockies. CITGO Petroleum owns oil refineries in Illinois, Louisiana, and Texas, and 41% of the LYONDELL-CITGO Refinery in Houston, which produces light fuels. It also owns asphalt refineries in Georgia and New Jersey. The company also owns a 142-mile crude oil pipeline and has stakes in three crude oil pipeline companies and six refined product pipeline firms.
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