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7-11 Ditching Hugo’s Citgo, Will Start Own Brand

From Hugo’s deeply disappointed fans at the Associated Press:

http://www.cockeyed.com/citizen/gasoline_prices/store_photos/IMG_8469.jpg

7-Eleven Dropping Venezuela-Backed Citgo

Wednesday September 27

DALLAS (AP) — Convenience store operator 7-Eleven Inc. is dropping Venezuela-backed Citgo as its gasoline supplier at more than 2,100 locations and switching to its own brand of fuel.

The retailer said Wednesday it will purchase fuel from several distributors, including Tower Energy Group of Torrance, Calif., Sinclair Oil of Salt Lake City, and Houston-based Frontier Oil Corp.

A spokeswoman for Dallas-based 7-Eleven said its 20-year contract with Citgo Petroleum Corp. ends next week…

Citgo is a Houston-based subsidiary of Venezuela’s state-owned oil company, and the foreign parent became a public-relations issue for 7-Eleven because of comments by Venezuelan President Hugo Chavez

7-Eleven spokesman Margaret Chabris said that, "Regardless of politics, we sympathize with many Americans’ concern over derogatory comments about our country and its leadership recently made by Venezuela’s president Hugo Chavez."

Chabris said a boycott of Citgo gasoline would hurt the 4,000 employees of the U.S. subsidiary, who have no connection to Venezuela…

Notice how gingerly the AP puts it:

Citgo is a Houston-based subsidiary of Venezuela’s state-owned oil company, and the foreign parent became a public-relations issue for 7-Eleven because of comments by Venezuelan President Hugo Chaver.

I see, it’s only about PR. Right.

This article was posted by Steve on Wednesday, September 27th, 2006. Comments are currently closed.

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