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Venezuela May Sell Citgo


KRIS-TV, updated 11/29/2010 8:47:03 AM ET
CARACAS, Venezuela–President Hugo Chavez is promising to build new public housing complexes, boost social programs and renovate the long-neglected Caracas subway – and he needs money.
The ambitious plans will squeeze Venezuela’s coffers at a time when oil earnings have slipped and Chavez is sending his foreign allies generous amounts of crude on credit.
So he has raised a possibility that once seemed remote: selling off Venezuela’s U.S.-based oil company, Citgo Petroleum Corp. …

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