7-Eleven Splits With Hugo Chavez

7-Eleven announced yesterday that it was cutting their 20 year relationship with Citgo Corporation. Citgo is a subsidiary of the state owned Venezuelan petroleum company, Petroleos de Venezuela S.A.

Last week the president of Venezuala, Hugo Chavez stood on the UN floor in New York and called George Bush “the devil.” This was obviously not good news for the slurpy making folks at 7-Eleven and fearing consumer boycott, they decided that Chavez and company were not the right spokespeople for their gasoline.

7-Eleven denies the drop of Citgo was directly related to Chavez’s “el diablo” comments but said that the president’s remarks over the past year have not helped matters. That must have made for some fun board meetings over at 7-Eleven. It would have been interesting to see the suits shaking in their boots everytime Chavez met with Fidel Castro and other Non-US allied foreign leaders.

One Response to “7-Eleven Splits With Hugo Chavez”

  1.   Macu
    September 29th, 2006 | 12:37 pm

    7-Eleven DIDN’T DROP CITGO – The truth is: Venezuela’s Citgo Says it was Citgo’s Decision to Discontinue 7/11 Contract in July ‘06 …”because its supply contracts with 7/11 were detrimental to the company’s bottom line.”…


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