CARACAS, Wednesday September 27, 2006 | Update
No more gasoline will be bought by 7-Eleven chain stores
from Citgo, a subsidiary of state-run holding Petróleos
de Venezuela (Pdvsa) based in the United States. Instead,
the retail chain is to find another fuel supplier.
7-Eleven Inc., a group of stores of basic commodities with
about 5,300 outlets across the United States, announced Wednesday
that will buy gasoline from several vendors, including Tower
Energy Group, located in Torrance, California; Sinclair Oil,
of Salt Lake City and Houston firm Frontier Oil Corp, AP quoted.
A speaker of the company seated in Dallas explained that
the 20-year agreement with Citgo Petroleum Corp. will expire
next week. About 2,100 out of the 5,300 stores property of
7-Eleven sell gasoline.
The Pdvsa subsidiary felt the impact of the comments made
by President Hugo Chávez last week during the opening
session of the United Nations (UN) General Assembly in New
York City. There, Chávez labeled his US counterpart George
W. Bush as "the devil".
01:11 PM.
Economy.
Domestic inflation rate in Venezuela was 1.7 percent in January, at the same rate as in December 2009, despite currency devaluation at the start of the year decreed by President Hugo Chávez, a senior government source told Reuters on Tuesday.