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Friday, January 9, 2009

Info Post
Wipe your chin when you're done Joe.
CITGO Petroleum Corporation confirmed the continuation of its social programs in alignment with the solidarity principles endorsed by the government of the Bolivarian Republic of Venezuela through its national oil company, Petróleos de Venezuela, S.A., said CITGO Chairman, President and CEO Alejandro Granado during a press conference here today with Citizens Energy Chairman Joseph P. Kennedy II.

“Therefore, our flagship social program, the CITGO-Venezuela Heating Oil Program will continue. This decision is the result of a strong commitment and a big effort on the part of CITGO and our shareholder in light of the current global financial crisis and its impact on the oil industry in general,” said Granado.

Meanwhile, Kennedy pointed out that he is “personally aware of President Chavez’s genuine concern for the most vulnerable, regardless of where they may live.”

“Evidence of this is that President Chávez wanted all necessary efforts made to ensure the continuation of the program, so that its recipients will not be disappointed,” Kennedy added.

“This decision is a clear, direct message from President Chávez of his desire to strengthen relations between his country and the United States, particularly at this time, when a new U.S. administration is scheduled to be sworn-in within the next few weeks,” Kennedy noted.

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