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Citgo to suspend heating oil aid for U.S. poor
05 Jan 2009 18:13:13 GMT
 Source: Reuters
NEW YORK, Jan 5 (Reuters) - Houston-based Citgo Petroleum Corp., the U.S. fuels and refining unit of Venezuelan state oil company PDVSA, plans to suspend its program to provide discounted heating oil to poor U.S. communities, according to Citizens Energy, a nonprofit which helps Citgo distribute the heating oil.

Citizens Energy chairman Joseph Kennedy said in a statement Monday that Citgo was calling off its heating oil aid programs in the United States due to "falling oil prices and the world economic crisis."

Citgo spokesman Fernando Garay declined comment but said the company would release a statement regarding its heating oil aid programs later on Monday.

Citgo said in 2007 it was providing discounted heating oil to communities in 23 different states at 40 percent discounts and said it had spent $147 million on the heating oil aid program during the previous winter.

(Reporting by Joshua Schneyer; Editing by David Gregorio)


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Last updated:Mon Jan 5 18:16:03 2009