The energy-focused information session by Dow Jones began with a headline that could reshape the future of Venezuela’s most valuable asset abroad. Elliott Management is set to face scrutiny in U.S. federal courts next week…
The battle for the future of CITGO Petroleum, a subsidiary of PDVSA and the seventh-largest refinery in the United States, has reached a critical phase. Federal Judge Leonard P. Stark has authorized judicial officer Robert…
The sale of the refinery, which seemed imminent, is halted after the emergence of two new significant bidders that have put the judicial process in the United States in question. CITGO Auction: Gold Reserve rejected…
The recent history of CITGO, a subsidiary of PDVSA in the United States, has been characterized by legal maneuvers, political pressure, and a complex judicial process that threatens to erase one of Venezuela’s last significant…
The CITGO auction will conclude on August 18, 2025. In a sweltering summer, Venezuelans will lose the nation’s most significant asset overseas. The crown jewel of the Venezuelan state abroad has been auctioned off. CITGO…