Strike price.

• Position: Art

Petroleos de Venezuela (PDVSA), Venezuela's state-owned oil company, sold its 41.25% stake in a Texas refinery to partner Lyondell, a U.S. energy company. The sale was completed at US$2.10 billion, including debt held by PDVSA unit Citgo. The refinery processes 268,000 barrels of oil a day, of which Lyondell concurrently negotiated a five-year contract with a unit of PDVSA to continue to refine 230,000 barrels a day. Lyondell had already paid...