US EditionVenezuela Contests Citgo Sale Over Alleged Court Bias
- Venezuelan President Nicolás Maduro wrote to OPEC secretary general Haitham Al Ghais and OPEC Plus accusing the United States of attempting to seize Venezuela's oil by military force, framing it as a threat to petroleum sovereignty and calling a Trump statement a 'colonialist threat'.
- Following a high-profile social-media post, Maduro cited Trump’s `To all Airlines, Pilots, Drug Dealers, and Human Traffickers, please consider THE AIRSPACE ABOVE AND SURROUNDING VENEZUELA TO BE CLOSED IN ITS ENTIRETY`, amid expanded U.S. military deployment in the Caribbean, including the USS Gerald R. Ford.
- Venezuela holds an estimated 303 billion barrels of proven oil reserves but exported just $4.05bn of crude in 2023, a shortfall linked in part to U.S. sanctions from the first Trump presidency.
- At least 83 people have died in U.S. strikes on vessels that Donald Trump says were carrying drugs, and human rights advocates have called the attacks extrajudicial killings.
- As a founding OPEC member, Venezuela can press the cartel on supply matters, while Caribbean island countries urge fossil-fuel dependent countries to shift energy sources amid climate threats.
71 Articles
71 Articles
Venezuela Condemns Forced Sale of CITGO by US Imperialism
The Venezuelan government strongly condemned the December 1 decision by a US court to submit Venezuelan state possession CITGO to a “forced sale.” The procedure was carried out in rogue judicial proceedings by US authorities and the decision will be detrimental Venezuela and its people. The decision attempts to consummate the theft of the most important Venezuelan state asset abroad. Venezuelan Vice President Delcy Rodríguez read a statement Tue…
CARACAS (AP) — Venezuela on Tuesday rejected the imminent forced sale of Citgo, the U.S. subsidiary of state oil company Petróleos de Venezuela S.A. (PDVSA), and announced it reserves the right to take legal action against those involved in the process that would leave the South American country without one of its main assets abroad. The statement came a week after U.S. District Judge Leonard P. Stark of Delaware authorized the sale to a subsidi…
Gold Reserve Provides Update in CITGO Sale Process: Multiple Parties Appeal Final Sale Order
PEMBROKE, Bermuda -- Gold Reserve Ltd. (TSX.V: GRZ) (BSX: GRZ.BH) (OTCQX: GDRZF) (“Gold Reserve” or the “Company”) announces that today it filed a notice of appeal to the U.S. Court of Appeals for the Third Circuit (the “appeals court”) from the final sale order entered by the U.S. District Court for the District of Delaware (the “district court”) on November 29, 2025, that authorized the sale of the PDVH Shares to Elliott/Amber Energy (“Elliott…
The decision is the last major legal step to close a bond that lasted two years and was aimed at paying up to 15 creditors for debts and expropriations in the country of South America
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