HOUSTON -- FleetCor was selected by CITGO Petroleum Corp. to provide fleet-card processing and program management services for its fuel cards.
“CITGO 's global relationships provide maximum exposure to all the fleet-card providers in the world,” said Ron Clarke, FleetCor 's chairman and CEO. “We are delighted with CITGO 's decision to continue our business relationship as it equally supports our goal to become the worldwide leader in fuel card processing.”
“As with any such strategic relationship, CITGO diligently reviewed all available options for [image-nocss] providing branded fleet card products to our marketers and consumers,” said Jonathan Watson, CITGO 's manager, business services and payment cards. “FleetCor has been an innovative partner for the past four-year contract, and from our recent review in the market, there was no one better positioned to continue to move CITGO 's fleet-card capabilities forward.”
“Since winning the CITGO business from a competitor in 2004, FleetCor has worked hard to earn the respect of CITGO, its branded marketers and the end customers of its branded fleet-card program,” said Bill Schmit, president of FleetCor 's Private Label Division. “By focusing on fleet-card programs, FleetCor is able to drive the innovation required in the quickly evolving market for fleet-card programs. CITGO 's selection to remain working with FleetCor validates our strategic view for the business.”
Houston-based CITGO is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. CITGO is owned by PDV America Inc., an indirect wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela.
FleetCor, Norcross, Ga., is a leading manager and processor of commercial fuel cards. FleetCor serves more than 750,000 business fleets and over 3.5 million active cardholders in North America, Europe, Asia and Africa.
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