Thursday, September 01, 2005

Venezuela's CITGO to Provide Cheap Gas for U.S. Hospitals, Nursing Homes and Schools

Venezuela's CITGO to Provide Cheap Gas for U.S. Hospitals, Nursing Homes and Schools:

"Ramirez said that under the Venezuelan government plan, CITGO will set aside up to 10% of its refined oil products to be sold directly to organized poor communities, and institutions in the U.S. without intermediaries.

The plan calls for the sale of heating oil and gasoline to hospitals, nursing homes, schools and organized poor communities in U.S. soil, according to Ramirez.
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Ramirez was confident the program will be implemented before the U.S. winter begins.

CITGO Petroleum Corp. owns and operates eight refineries in the United States.

It is unclear how the CITGO gas will reach the consumers, as CITGO does not own any of the 14.000 CITGO-branded gas stations operating in U.S. territory through franchising.

'Impact on seven to eight million persons'

“There is a lot of poverty in the U.S. and I don’t believe that reflects the American Way of Life. Many people die of cold in the winter. Many die of heat in the summer,” said Chavez on Sunday during his weekly TV show, explaining why Venezuela was interested in providing discounted heating oil to the U.S. poor.

“We could have an impact on seven to eight million persons,” Chavez added.
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Venezuela also plans to provide free surgery for certain eye conditions for U.S. poor."

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