7-11 parts Company With Citco

The Chicago Tribune has the press release.

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. About 2,100 of 7-Eleven’s 5,300 U.S. stores sell gasoline.

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.

H/T to Webloggin

3 Comments.

  1. Frankly i dont care for 7-11 but i say kudos for them for dropping CITGO :cool:

  2. Good for them! And as for “…would hurt the 4,000 employees of the U.S. subsidiary, who have no connection to Venezuela”, there just migght be jobs at Tower Energy Group of Torrance, Calif., Sinclair Oil of Salt Lake City, and Houston-based Frontier Oil Corp.

    Screw Hugo Tinpot and Shitgo.

  3. HR Horizons - trackback on 9/28/2006 at September 28, 2006 - 08:39 AM

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