Petroleos de Venezuela launches distribution plan.(Brief Article)

Venezuela -- In November, state-owned Petroleos de Venezuela announced a five-year plan to market the equivalent of 90,000 to 120,000 barrels per day of petroleum derivatives through a distribution network in the Caribbean, Central and South America.

In a statement to company staff, PDVSA said its commercial brands PDV and CITGO would be sold wholesale and retail, including refined products and lubricants, by a new subsidiary called Citgo Internacional Latin America.