Venezuelan oil company CEO ordered to surrender US visa

Fuel Fix:
The U.S. Department of State has ordered Asdrúbal Chávez, the president and CEO of Houston-based Citgo Petroleum, to surrender his U.S. visa amid an ongoing probe into Venezuela's state-controlled energy company, Petroleos de Venezuela SA.

Chávez has headed Citgo, PDVSA's U.S. refining subsidiary, since November. He has reportedly been given 30 days to leave the country.

Citgo said in a statement Wednesday that Chávez will continue in his role and that its senior leadership remains unchanged. The company declined further comment.

The State Department also declined comment, noting that visa revocation decisions are generally kept confidential for privacy reasons.
...
The Venezuelan company has been troubled for some time because of the failure of the state-owned operation in Venezuela to maintain their equipment and allegations of corruption of some senior executives.  Recently the company had to surrender assets to Conoco-Phillips because of the seizure of that companies assets when the socialist government national all oil production. Venezuela is now running out of other people's money.

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