Elliott-backed Amber Energy to acquire CITGO Petroleum.

Elliott-backed Amber Energy, a group of strategic US energy investors, agreed to acquire CITGO Petroleum, a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. Financial terms were not disclosed. “We thank the Special Master for selecting Amber Energy as the successful bidder and recommending that the court approve Amber Energy's acquisition of CITGO’s world-class assets. Building upon CITGO’s legacy, and with a focus on the future, we will prioritize operational excellence to lay a foundation for stability, strength, and long-term success for the benefit of the Company’s people, customers, and communities. We look forward to partnering with the people of CITGO to ensure that the Company continues to operate with the highest standards of safety and reliability,” Gregory Goff, Amber Energy CEO.