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BUSINESS
July 17, 1990 | By Julia C. Martinez, Inquirer Staff Writer
Citgo Petroleum Corp. said yesterday it planned to buy 50 percent of Seaview Petroleum Co., a Blue Bell refiner of heavy crude oil, in a deal valued at $42.5 million. Citgo spokesman Tom DeShazo said the Tulsa, Okla., company signed a letter of intent to acquire a half-interest in Seaview's asphalt business, storage tanks and 84,000-barrel-a-day refinery in Paulsboro. "This new arrangement will provide strength to Seaview and enable it to continue to grow profitably in the asphalt business," Seaview chairman William B. Packer Sr. said in a prepared statement.
NEWS
February 25, 2005 | By Elisa Ung INQUIRER STAFF WRITER
The developer that wants to build homes and a golf course on Petty's Island in Pennsauken has agreed to pay $10 million to the state to satisfy the environmental liabilities of Citgo Petroleum Corp., the island's owner. Citgo, which has fought the development, tried to donate the island as a state park but failed in the face of opposition from South Jersey Democrats. Citgo originally wanted its donation to satisfy the $10 million the state said it owed in "natural resource damage" claims for contaminating the island's groundwater.
NEWS
April 15, 2011 | By Maryclaire Dale, Associated Press
Citgo does not have to pay $177 million in cleanup costs stemming from the massive 2004 spill of crude oil from a tanker nearing its dock on the Delaware River, a federal judge has ruled. The judge cleared Citgo of liability in the third-largest oil spill in U.S. waters, which happened when the single-hull Greek tanker struck a rusty anchor long submerged in the riverbed. Nearly 265,000 barrels of heavy crude oil gushed out as the tanker neared the Citgo dock in Paulsboro after a six-day journey from Venezuela.
NEWS
September 22, 2006 | By PAUL BEICH Special to the Daily News
A reduced-price heating oil program that benefited 25,000 low-income households in the Philadelphia area would be expanded under a plan unveiled yesterday by Venezuelan President Hugo Chavez and the head of CITGO, the oil company his nation controls. "Businesses need to be concerned about the needs of poor people, not just making profits," Chavez told a crowd of several hundred people at Harlem's Mt. Olivet Baptist Church. The audience included Dr. Cornell West, Tavis Smiley, Danny Glover, and several people from Maine and Alaska that had benefitted from the heating oil program.
NEWS
October 1, 2004 | By Gaiutra Bahadur INQUIRER STAFF WRITER
A state conservation panel decided last night to reject the donation of Petty's Island as a wildlife preserve, handing a victory to supporters of a $1 billion plan to develop Pennsauken's waterfront. Although a majority on the Natural Lands Trust panel voted to accept the donation after a daylong hearing in Camden, no state government representative on the board did. Without the support of at least one government member, the bid by the oil company that owns the island to turn it into a nature preserve failed.
NEWS
June 8, 1993 | By Stanley M. Brown and Louis Hau, INQUIRER CORRESPONDENTS
An interrupted phone call may have saved the life of a gas station attendant who was shot three times during an armed robbery Sunday night. Shortly before 11:23 p.m., Gurdeep Singh, 28, was on the phone with a relative inside the office of the Citgo gas station on northbound Route 130 between Cedar Lane and Dultys Lane when an armed intruder smashed the locked glass door of the station's office and demanded money. Singh, who was tending the station alone, dropped the receiver on a desk in the office, at which time the relative in Willingboro quickly passed the phone to station owner Nahar Singh.
NEWS
June 19, 2003 | By Jennifer Lin INQUIRER STAFF WRITER
Last week, after the U.S. Department of Homeland Security awarded long-awaited and highly competitive grants for port security projects, many in the maritime trade were baffled by the windfall for Citgo Petroleum Corp. The odds of anyone's getting a grant were no better than one in five. Even then, most of the winners were awarded less than $1 million. But Citgo, the profitable U.S. subsidiary of the Venezuelan national oil company, hit the jackpot: a $13.5 million grant to upgrade security at its refinery in Lake Charles, La. That's more than the combined 24 grants for the Delaware River port system.
NEWS
May 6, 1997 | By Scott Fallon, INQUIRER CORRESPONDENT
Almost two years after losing a $4.4 million tax appeal to a local refinery, the township faces a lawsuit by another corporation that says its property value was overassessed. The Citgo Petroleum Corp., the second-largest taxpayer in West Deptford, filed a suit in the state Tax Court on March 24 contesting the township's 1997 assessment of five lots that compose its plant on Paradise Road. Lawyers for Citgo said that the actual value of the property is far below the town's assessment of $54.2 million.
NEWS
November 24, 2004 | By Elisa Ung INQUIRER STAFF WRITER
In what could be the first step toward condemnation of Petty's Island to make way for a controversial building project, a federal judge yesterday granted a development company access to the Pennsauken land. The decision was an important victory for Cherokee Investment Partners, which wants to build a golf course, conference center and residences on the island. Cherokee and Pennsauken Township have clashed with the island's owner, Citgo Petroleum Corp., which wants the land preserved as a nature refuge.
NEWS
June 14, 1987 | By Jerry W. Byrd, Inquirer Staff Writer
As Joe McCloskey's 1985 Chevrolet Caprice pulled even with the CITGO service station on Torresdale Avenue in Tacony recently, a section of trolley track sliced through his right rear tire. "The next thing I heard was plunk, plunk, plunk," McCloskey said. "It's a good thing this service station was nearby. " The CITGO station's location at Torresdale and Princeton Avenues turned out to be fortuitous for at least 15 Torresdale Avenue motorists. In three weeks, mechanics have changed that many tires, more than triple the station's average, employees said.
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BUSINESS
September 8, 2016 | By Linda Loyd, STAFF WRITER
After 12 years, three trials, and 70 days of court testimony, a federal district judge in Philadelphia has ruled in favor of the Greek owners and operators of the oil tanker Athos I, which struck an anchor in the Delaware River in November 2004 as it nudged toward the Citgo refinery dock in Paulsboro. Judge Joel H. Slomsky in a 173-page opinion in late July and a final order Aug. 17 ruled that Citgo, the refinery operator, had failed its duty to provide "safe berth warranty" to the Athos I tanker sailing from Puerto Miranda, Venezuela.
NEWS
October 1, 2014 | By Kevin Riordan, Inquirer Columnist
Light shimmers through the trees and scatters on the surface of the Delaware River's back channel. About 45 of us have crossed a two-lane bridge from the mainland, cleared security, and parked on Petty's Island. "Welcome to Acquikanasara," tour guide Bob Shinn says, launching the vivid volley of vowels in the Lenape name for this place. There's anticipation, as well as the unmistakable aroma of autumn, in the air; the private island we stand upon has pretty much been closed to the public for 100 years.
BUSINESS
February 5, 2014 | By Andrew Maykuth, Inquirer Staff Writer
NuStar Energy L.P. has sold the remaining half of its money-losing asphalt business to its joint-venture partner, Lindsay Goldberg L.L.C. The sale includes the former Citgo refinery in Paulsboro. NuStar, based in San Antonio, Texas, acquired the asphalt business from Citgo in 2008, but the business turned sour with the economic collapse and a drop in demand for asphalt, which is used for paving and in roofing material. "It's been a big drag on the bottom-line results of this company," Curtis V. Anastasio, NuStar's then-chief executive, told analysts in November.
NEWS
January 4, 2013 | By Kathleen Tinney, Inquirer Staff Writer
Paul Michael Parchinski was a chemical engineer who over a 34-year career worked his way up the echelons of the petroleum industry, retiring from Citgo in 2001 as senior environmental adviser. It was then that he decided to take a job with an employer even mightier than the oil giants. Mr. Parchinski became Deacon Parchinski, serving his home parish, Holy Angels Roman Catholic Church in Woodbury. Instead of hazmat emergencies and executive meetings, he was called to assist priests; perform weddings, baptisms, and funerals; tend to the sick; and console the bereft.
BUSINESS
December 19, 2012 | By Peter Mucha, Breaking News Desk
Falling gas prices are hitting numbers not seen since the beginning of the year. How about under $3 a gallon in North Jersey? A Delta station on Brook Avenue in Passiac Park, north of Newark, is charging just $2.97 a gallon, the lowest in the state, according to GasBuddy.com - and it's not some gimmick price. "It's very busy," said a worker who declined to share his name. "Like Hurricane Sandy all over again. " Prices are a bit higher in South Jersey, with a low of $3.05 at a Citgo on the White Horse Pike in Chesilhurst, Camden County, according to GasBuddy.com.
NEWS
April 15, 2011 | By Maryclaire Dale, Associated Press
Citgo does not have to pay $177 million in cleanup costs stemming from the massive 2004 spill of crude oil from a tanker nearing its dock on the Delaware River, a federal judge has ruled. The judge cleared Citgo of liability in the third-largest oil spill in U.S. waters, which happened when the single-hull Greek tanker struck a rusty anchor long submerged in the riverbed. Nearly 265,000 barrels of heavy crude oil gushed out as the tanker neared the Citgo dock in Paulsboro after a six-day journey from Venezuela.
SPORTS
July 23, 2010 | By Don McKee, Inquirer Staff Writer
Another remembrance for the Yankees The Yankees are about to find out how many memories fit on a standard baseball uniform. The Bronx Bombers will wear black armbands on the left sleeve of their game jerseys for the rest of the season to honor former manager Ralph Houk, who died Wednesday at 90 in Winter Haven, Fla. The former Marine followed Casey Stengel as manager in 1961 and led New York to two World Championships. The armband will appear below the Bob Sheppard patch on the left sleeve of their jerseys.
NEWS
April 22, 2008 | By Adrienne Lu INQUIRER TRENTON BUREAU
New Jersey should stop lollygagging and accept an oil company's years-old offer of Petty's Island, a coalition of environmentalists and other advocates said yesterday. The coalition argues that now is the perfect time for New Jersey to accept the proposed gift from Citgo Petroleum, because a North Carolina company that had proposed a major redevelopment project on the island recently dropped its plans, citing poor economic conditions in the national housing market. In addition, the state is in such dire financial straits that it is considering closing some state parks to save money, which means there's scant funding available to acquire new open space.
NEWS
October 23, 2006
Deep backing for arts Re: "A rich culture, flat broke," Oct. 16: The editorial decries the paltry government funding for arts in the Philadelphia region. Local government support for the arts in Southeastern Pennsylvania is a low 3 percent of cultural revenues. But inadequate government support is only part of the picture! As one who works with a wide cross-section of nonprofits and committed donors on fund-raising and strategic planning, I see what happens in other communities.
NEWS
October 5, 2006
THANKS for your article on Citgo's heating-oil assistance program. With the cost of heating seemingly always on the rise, many Philadelphians will struggle again this winter to keep the heat on, even with programs like this. Heating oil is used by a third of Pennsylvanians, but since it's unregulated, there usually aren't many programs to help low-income oil users. The price of heating oil has risen dramatically over the last few winters. Some of us remember when oil cost 97 cents a gallon, and today it's well over $2. I want to add a resource for people who need help.
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