Venezuelan President Hugo Chávez has raised the possibility of selling Venezuela's U.S.-based oil company, CITGO Petroleum Corp., to finance ambitious state programs. Chávez has said the company's sale could raise at least $10 billion for the state's stretched coffers, though many analysts suggest it is valued at far less. Is Chávez likely to sell CITGO and, if so, how much would the company reasonably fetch? What impact would the sale have on the Venezuelan economy in the near future? What effects would it have on Venezuela's long-term interests?
Inter-American Dialogue's Latin American Energy Advisor. "How Would the Sale of CITGO Impact Venezuela?." (2010). https://digitalrepository.unm.edu/la_energy_dialog/219