A U.S. court-organized auction of shares in the parent company of Venezuela-owned Citgo Petroleum has entered its final ...

If Venezuela, which owns 100% of the refiner and its U.S.-based parent companies, fails to retain some equity, it would lose ...

The U.S. court-organized auction of Citgo Petroleum has reached its final phases, with significant bids from various entities ...

Prior to the sanctions, Citgo's 807,000-barrel-per-day refining network was a primary processor of Venezuela's heavy sour crudes. Since Citgo cut ties with its ultimate parent, Caracas-based PDVSA ...

A U.S. judge in Delaware has extended the schedule for a court-organized auction of shares in the parent of Venezuela-owned ...

Dalinar Energy’s revised bid is supported by a consortium that, as with its prior bids, includes judgment creditors senior to Gold Reserve in the Court’s priority waterfall -- Rusoro Mining Ltd., Koch ...

In 2022, Judge Stark set in motion a court-mandated sale of shares belonging to CITGO’s parent company, PDV Holding (PDVH), to satisfy creditor claims against Venezuela. The debt mostly stemmed from ...

Houston-based Citgo, ultimately owned by Venezuela's state oil company PDVSA, is the seventh-largest U.S. refiner. A $3.7-billion offer by Contrarian Funds' Red Tree Investments was approved by ...

A federal judge on Monday extended to June 18 the deadline for rival offers in a court-ordered auction of Citgo's assets.