A new battle for control of Citgo Petroleum, the eighth largest U.S. oil refiner and Venezuela’s foreign crown jewel, could soon be unleashed under a proposed management shake-up by the South American country’s opposition lawmakers. The revamping would come despite the company posting strong profits after two years of losses and could lead to executive departures, experts and current board members said. The lawmakers say they want to shore up the stability of Citgo after three years of frequent reshuffles and as the political environment in Venezuela looks set to shift. However, the U.S. State Department is worried that the changes could trigger a messy fight for control, two people involved in talks about the topic said. Washington has pressed Venezuelan lawmakers to stabilize the country’s foreign operations. Citgo, a subsidiary of state-run oil firm PDVSA, is currently run by boards appointed by Juan […]