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CITGO refinery in Romeoville, once owned by Venezuela, sold in December

Government there contesting the sale

CITGO Petroleum Corporation Lemont Refinery, which is located in Romeoville, is seen on Monday, Jan. 5, 2026.

The U.S. strike on Venezuela on Jan. 3 and the subsequent arrest of its leader Nicolás Maduro likely won’t affect CITGO Petroleum Corporation Lemont Refinery, which is located in Romeoville.

In 1997, PDVSA, the national petroleum company of Venezuela, acquired 100 percent ownership of the refinery founded in 1925 – and began operations as CITGO.

However, CITGO no longer is connected with the Nicolás Maduro regime, according to the CITGO website.

And in December, CITGO was sold to Amber Energy for $5.9 billion “as part of a court-ordered auction to pay debts,” said Doug Pryor, president and CEO of the Will County Center for Economic Development.

Venezuela is rejecting the sale and has appealed the court order.

“I expect Venezuela to will continue to contest the sale,” Pryor said, “but don’t know how that plays out following the actions of this past weekend.”

Pryor said he’s not expecting any major shifts regarding economic impact in the United States, although it’s too early to know.

He also isn’t anticipating a change at CITGO Petroleum Corporation Lemont Refinery operations, although Pryor hasn’t directly discussed the events with their team and feels CITGO should be the one to comment about CITGO’s business, he said.

Shaw Local reached out to CITGO Petroleum Corporation Lemont Refinery, which responded, “We have no comments.”

Pryor did say that since CITGO Petroleum Corporation Lemont Refinery isn’t processing Venezuelan oil at that facility, their inputs shouldn’t be affected, Pryor said.

“There is some Venezuelan oil imported into the U.S., but it is only about 3.5% of crude imports, nearly all of which goes to the gulf coast,” Pryor said. “Venezuela’s biggest oil customer by far is China.”

Denise  Unland

Denise M. Baran-Unland

Denise M. Baran-Unland is the features editor for The Herald-News in Joliet. She covers a variety of human interest stories. She also writes the long-time weekly tribute feature “An Extraordinary Life about local people who have died. She studied journalism at the College of St. Francis in Joliet, now the University of St. Francis.