The coming auction for Venezuela’s Citgo Petroleum could leave its buyer on the hook to other creditors of the South American ...

Venezuelan state oil company PDVSA is appealing a decision allowing ... owner U.S. refiner Citgo, to collect on a US$1.4 billion award to compensate it for the 2008 nationalization.

2024 Key terms of a proposed court agreement with a U.S. hedge fund seeking to gain control of oil refiner Citgo Petroleum from Venezuela would lock in the fund's low-ball bid, the company's ...

Vitol Group, the world's largest independent oil trader, has submitted an application to acquire PDV Holdings Inc., the parent company of Citgo Petroleum Corp., which is a key foreign asset Venezuela.

The sale process of shares to pay creditors and claimants against Venezuela’s oil asset appropriation ... a new $5.3-billion offer for Citgo’s parent company, $2 billion lower than the initial ...

Wilmington (Delaware): A US judge has reset the bidding process for the parent company of Citgo Petroleum ... and its state-owned oil company, Petroleos de Venezuela SA, over asset seizures ...

Venezuela was also ordered to reimburse the company ... The oil corporation has launched multiple efforts to collect on its arbitration awards. Both claims were included in an ongoing court-mandated ...

The investigation, which began several years earlier, is supported by reports that the Donald Trump administration has ...

The money has lifted Venezuela's economy, especially its oil and banking sectors ... An auction of shares in a Citgo Petroleum parent company to repay some $21 billion in claims for debt defaults ...

US judge approves new bidding terms for auction of Citgo's parent Legalcategory ... 5% amid political turmoil January 3, 2025 Venezuela's state oil company PDVSA and India's Reliance Industries ...