US EditionHigh Stakes in Citgo Auction: Venezuela's Debt, U.S. Courts, and Billion-Dollar Bids Collide
7 Articles
7 Articles
High Stakes in Citgo Auction: Venezuela's Debt, U.S. Courts, and Billion-Dollar Bids Collide
The U.S. court-organized auction of Citgo Petroleum has reached its final phases, with significant bids from various entities. Creditors seek compensation from Venezuela's expropriated assets, but challenges remain due to legal complexities and geopolitical factors, including U.S. sanctions. The auction outcome will significantly affect Venezuela's most vital overseas asset.
The Latest Chapter in the US Plunder of CITGO
By Misión Verdad – Jun 20, 2025 The auction of CITGO Petroleum, a key subsidiary of Petróleos de Venezuela (PDVSA) in the United States and illegally seized by the US government, is in its final stages, marking a crucial moment not only for Venezuela but also for other countries with investments in the US. According to recent reports, the judicial process, which will culminate in the illegal sale of Citgo, is continuing despite protests from P…
Dnevni list Danas
The Oil Industry of Serbia (NIS) announced today that it has sent a new request to the United States Department of the Treasury for the issuance of a special license that postpones the full implementation of US sanctions announced due to the Russian stake in NIS.
21-06-25.-The U.S. Treasury Department reported this Friday, June 20 that it issued a modified general license that protects until December the U.S. subsidiary of state oil company Pdvsa, the refiner Citgo Petroleum, from its creditors
US Treasury Extends License Protecting Citgo From Creditors to December - Energy News, Top Headlines, Commentaries, Features & Events
June 20 (Reuters) – The U.S. Treasury Department on Friday extended a general license protecting Venezuela-owned refiner Citgo Petroleum from creditors through December 20, the department’s website showed, opens new tab. Washington has protected the Houston-based company from creditors in recent years even amid a court-organized auction of shares in its parent company, PDV Holding. ...
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