Venezuela’s Citgo Petroleum said Wednesday that it has reinstated a program that provides discounted home heating oil to lower-income residents in U.S. communities, two days after it was suspended.
"Our flagship social program, the Citgo-Venezuela Heating Oil Program will continue," said Citgo Chairman Alejandro Granado in a statement.
Granado said the decision to continue the program was in response to "the current global financial crisis and its impact on the oil industry in general."
On Monday, the program was put on hold so that Citgo could re-evaluate its social programs in light of the global economic slowdown and falling oil prices.
The abrupt reinstatement of the program appears to have come at the behest of Venezuelan President Hugo Ch
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