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    CITGO Receives Award for Latino Community Outreach

    Oil company named Corporation of the Year by Talento Bilingue de Houston.

    HOUSTON -- Talento Bilingue de Houston, a non-profit organization that has evolved into the city’s Latino Cultural Arts Center, chose CITGO Petroleum Corp. as the recipient of its prestigious Corporation of the Year 2008 Award.

    Houston Mayor Bill White presented CITGO with the award Tuesday during Talento Bilingue de Houston’s annual luncheon, which was held as part of Cinco de Mayo festivities. With the award, the organization recognized CITGO’s work in reaching out to the Latino community both in Houston and throughout the nation.

    "Music and dance awakens the passion in all of us, but nothing excites CITGO as much as simply helping those in need through our social development programs, in alignment with the principles and values of solidarity embraced by our shareholder, PDVSA, the national oil company of the Bolivarian Republic of Venezuela," CITGO President and CEO Alejandro Granado stated..

    Programs implemented by CITGO include the Energy Efficiency Lighting Program, the CITGO-Venezuela Heating Oil program, and several educational and environmental projects. Most are being implemented in the Northeast and Southwest regions of the country and reach more than 1 million people each year, according to CITGO.

    "In Texas, and especially in the city of Houston, we offer our support to several organizations, among them the Mexican Institute, The Kipp Academy, Neighborhood Centers, Friends for Life and Habitat for Humanity," Granado added.

    In granting the award, Talento Bilingue de Houston especially took into account the work done by CITGO through its supplier diversity initiative. This particular effort, launched last year, has been aimed at significantly increasing the number of minority and women-owned businesses that are part of the company’s supply chain.

    CITGO, based in Houston, is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. The company is owned by PDV America Inc., an indirect wholly owned subsidiary of Petroleos de Venezuela S.A., the national oil company of the Bolivarian Republic of Venezuela.

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