Bondholders owed some $1.7 billion by Venezuela seek to derail Citgo’s latest bidder.

As Venezuela’s economic crisis deepens, concerns over losing control of Citgo have grown. Courts have increasingly upheld creditor claims, recognizing Venezuela’s dire financial situation.

The bondholders' attorney went to pains to explain that he wasn't asking U.S. District Judge Katherine Polk Failla to interfere with the sale.

Concerns are mounting in Texas and Washington about the state of Citgo Petroleum, its refineries and its 4,000 U.S. employees following the recent arrests of the company's top executives in ...

Since Citgo severed ties with PDVSA in 2019, the U.S. government has recognized a series of supervisory boards appointed by Venezuela's opposition-led National Assembly and its former head Juan ...

I write on the key issues for global energy, with a focus on LATAM. Oct 09, 2023, 11:18am EDT Oct 09, 2023, 11:25am EDT. ... Citgo is Venezuela’s most prized overseas asset: ...

The highest bid received in a U.S. auction of shares that will decide the fate of Venezuela-owned oil refiner Citgo Petroleum was $7.3 billion, enough to cover only a third of court-approved ...

Holders of some defaulted Venezuelan bonds are seeking to block a bid to purchase Citgo Petroleum Corp.’s parent company, as they claim the transaction would strip them of their rights for payment.

A court-appointed special master recommended a bid backed by Gold Reserve and Koch over a rival hedge-fund offer.

HOUSTON, Oct 22 (Reuters) - For the past four years, the United States protected oil refiner Citgo Petroleum from creditors seeking to seize Venezuela's foreign crown jewel for billions of dollars ...