Venezuela's state-run oil company PDVSA wants to sell its U.S. Citgo refining operations, Reuters reports.

Citgo owns three refineries -- in Lake Charles, La. (425,000 barrels-per-day), Lemont, Ill., (167,000-barrels per day) and Corpus Christi, Texas, (157,000-barrels per day). These refineries process approximately 285,000 barrels per day of Venezuelan crudes, according to the Citgo website. PDVSA also has a 50-percent stake in a Chalmette, La. refinery with Exxon Mobil (XOM), Reuters reports in its exclusive. Citgo owns...