Increased capacity at fuel refineries boosts Citgo earnings

Tuesday, August 3rd 2004, 11:46 am
By: News On 6

TULSA, Okla. (AP) _ Citgo is reporting its second quarter profits are up by 58% over last year.

The Tulsa, Oklahoma-based company refines and markets gasoline, other fuels and petrochemicals.

Citgo earned just more than $172-million in the three months ending June 30th. The company earned just under $109-million during the same period in 2003.

Citgo announced in April that it will move its headquarters from Tulsa to Houston.