Citgo to pay $16 million to settle MTBE case in New Hampshire

UPDATED 19:15 PM EST, February 15, 2013

Citgo has 10 days to deliver the $16 million, after which the state has five days to file a motion to dismiss its case against Citgo.

The state filed suit against 26 petroleum companies a decade ago. By the time trial began Jan. 14, Citgo and ExxonMobil were the only remaining defendants. Shell Oil Co. and Sunoco Inc. agreed to pay the state a total of $35 million about a month before the trial started.

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