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Venezuela’s Crisis Imperils Citgo, Its American ‘Cash Cow’

Oct 01, 2018 - The New York Times

LAKE CHARLES, La. — The Calcasieu River ship channel is a fisherman’s paradise for speckled trout. It is also a vital thoroughfare for Venezuelan oil.

Tankers with Venezuelan crude sail up to the Citgo refinery, while tankers carrying fuels processed in the refinery head down to the Gulf of Mexico for delivery to gas stations in Venezuela.

That two-way traffic makes the refinery a lifeline for the besieged Venezuelan government of President Nicolás Maduro. It’s a role that’s...