Just announced on Bud Hedinger's afternoon radio show in Orlando, Florida!
The 7-Eleven chain of convenience stores will not renew their contract with Hugo Chavez and the Venezuelan owned oil conglomerate, Citgo.
A 7-Eleven representative told Bud that the company has decided not to renew the contract, which ends before year's end. They will provide gasoline under a 7-Eleven brand instead.
... will report more as it develops!
... more ...
Mr. Hedinger has obtained a copy of a letter from Janey Carpenter, Manager of Consumer Affairs that states 7-11 Stores are ending their 20-year supply agreement with CITGO Petroleum Corp. According to Carpenter, the contract ends next week and 7-11 is now making the switch to its own branded gasoline. The company says the change has nothing to do with derogatory comments made last week by Venezuelan President Hugo Chavez at the United Nations. Nevertheless, 7/11 Stores will begin selling in October gas provided by US companies, such as Tower Energy Group in Torrance, CA., Sinclair Oil of Salt Lake City and Frontier Oil Corp of Houston. Carpenter says the signs will start to change, with CITGO signs coming down from the stores' gas canopy and off gasoline dispensers. More than 2,100 stores are affected. While most of the signs will be changed by end of '07, not all CITGO signs will be off gas canopies until '08.
1 comment:
Tiger:
You have been doing an outstanding job here. Thanks for all your hard work.
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