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Citgo HQ Heads to Houston, Exits Tulsa

HOUSTON-Citgo Petroleum will begin the move south of the Red River in the summer, leaving 300 jobs in its long-time port and bringing 700 to the energy world's heavyweight hub. Although the deal's done, the address is still to come.

By Jennifer Brenner Andrade | Updated on April 26, 2004

HOUSTON-Citgo Petroleum Corp. executives will uproot the Tulsa, OK headquarters and relocate the team to Houston, becoming the second oil giant in two months to head to the energy world’s undisputed heavyweight hub.

“The relocation of Citgo’s corporate headquarters will bring 700 quality jobs to Houston, enhance this city’s reputation as the ‘Energy Capital’ of the world and send one more strong signal that Texas is at the forefront of new jobs and opportunities as the national economy begins to recover,” Gov. Rick Perry said at yesterday’s press conference to announce a win that ended months of hard-fought negotiations and street speculation.

Although the deal has been delivered, none of the officials would say where the headquarters will go. Real estate sources say Citgo is looking for 250,000 sf to 300,000 sf.

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