Venezuelan company offers $5 million in aid for Harvey victims
Venezuela, still reeling from a fresh round of U.S. sanctions that make it harder to raise financing in capital markets, offered $5 million to help victims of Hurricane Harvey in parts of Texas through its subsidiary Citgo Petroleum Corp.I think the Venezuelans probably need the food and shelter more.
Citgo, which operates the Corpus Christi Refinery with a capacity to process 157,000 barrels a day, will provide the aid to affected families through local mayors and allot a percentage of gasoline revenue to the construction of homes and shelters in and around Houston, Foreign Minister Jorge Arreaza said on state television.
“We express our solidarity with the Americans affected by the hurricane,” Arreaza said, flanked by Nelson Martinez, the head of state-run oil company PDVSA. “When an American fills his tank at a Citgo gas station, he’ll be contributing to the rebuilding of the affected communities.”