ASSESSMENTS

U.S., Venezuela: 7-Eleven Cuts Ties with Citgo

Sep 28, 2006 | 02:04 GMT

Summary

Convenience store operator 7-Eleven, Inc., is ending its purchase agreement with Citgo, a Venezuelan-owned refinery company, in order to limit the corporate impact of Venezuelan President Hugo Chavez's political agenda. The decision will inflict a small, but noticeable, wound on Chavez's bottom line.

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