Venezuela Lost Citgo, But the Battle’s Not Over Yet - Yahoo Finance
Oct 4, 2024 · Venezuela has officially lost its most prized international asset: Citgo Petroleum, the 807,000-bbl/d U.S. refining arm of state-owned Petróleos de Venezuela (PDVSA).
US Extends License Protecting Citgo From Creditors to March 2025
5 days ago · By Daphne Psaledakis and Marianna Parraga WASHINGTON/HOUSTON, Nov 7 (Reuters) - The U.S. Treasury Department on Thursday extended a license protecting Venezuela-owned Citgo Petroleum from bondholders to March 2025, a key decision amid a seven-year-long legal case in which the refiner's parent might be auctioned to pay creditors. Citgo's parent,…
Statement from the PDV Holding, Inc., CITGO Holding, Inc., and CITGO …
HOUSTON, Nov. 1, 2024 /PRNewswire/ -- The Boards of Directors of PDV Holding, Inc., CITGO Holding, Inc. and CITGO Petroleum Corporation ("the Companies") and their Management Teams categorically reject the conclusions of the recently-issued report of the Special Commission of the National Assembly controlled by Nicolás Maduro's Regime in Venezuela.
Top Bidder for Citgo Is Elliott-Backed Group, Court Master Says
Sept. 27, 2024. A firm backed by Elliott Investment Management was named on Friday as the leading contender to acquire Citgo Petroleum, the oil refining giant that has been the subject of a long...
US extends license protecting Citgo through Nov, Treasury says
Aug 12, 2024 · The U.S. Treasury Department has extended through Nov. 12 a general license that protects Venezuela-owned Citgo Petroleum from creditors, according to a notice posted in the department's...
US judge clears way for more Venezuela creditors to join Citgo …
Jan 8, 2024 · A U.S. judge on Monday granted a large group of Venezuela-linked creditors rights to participate and receive proceeds from a coming auction of shares in the parent of Houston-based refiner...
A tale of setbacks as Venezuela's Citgo heads to US auction
Oct 22, 2023 · Washington and Venezuela's political opposition wanted Citgo to anchor the country's economic future under a democratically elected government. But both have failed to break Venezuelan...
How Venezuela lost Citgo - Financial Times
Sep 26, 2023 · A Delaware court will soon begin an auction for Citgo Petroleum, the seventh-largest oil refiner in the United States. Barring an unlikely last-minute deal, the company will be auctioned off to...
Venezuela: US Treasury Department Extends CITGO Protection …
3 days ago · Venezuela’s state oil company PDVSA issued the $3.4 billion bond in 2016, with 8.5 percent interest, primarily swapping prior debt close to maturing. The bond, due to expire in 2020, included 50.1 percent of shares belonging to CITGO, …
Venezuela is one step away from losing Citgo, an economic …
Jun 17, 2024 · Venezuela is one step away from losing Citgo, an economic debacle on the eve of elections. A US court denies Maduro’s arguments to recover the oil company, which was poorly managed by both...