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

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

An Elliott Investment Management affiliate is considering rejoining the bidding for Citgo Petroleum Corp.’s parent company, according to people familiar with the matter.

Venezuela has officially lost its most prized international asset: Citgo Petroleum, the 807,000-bbl/d U.S. refining arm of state-owned Petróleos de Venezuela (PDVSA). The final auction price went ...

Citgo is Venezuela’s most prized overseas asset: the seventh-largest refiner in the US, which also operates over 4,000 petrol stations. It has been valued at $32bn and $40bn by its parent ...

Tomeu Vadell was one of six executives who worked for Houston-based Citgo when they were lured to Venezuela right before Thanksgiving in 2017 to attend a meeting at the headquarters of the company ...

The coming auction for Venezuela’s Citgo Petroleum could leave its buyer on the hook to other creditors of the South American country, a stumbling block for the court-ordered sale. Citgo ...

HOUSTON/CARACAS, Aug 15 (Reuters) - Negotiators and officials representing Venezuela are opposing a court-ordered auction of shares in a parent of oil refiner Citgo Petroleum to pay creditors ...

US Representative Maria Elvira Salazar is pressing the Trump administration to block the forced sale of Venezuela’s largest ...

Given Citgo’s sheer size and its potential for helping Venezuela out of crisis, one would expect the country’s leaders to be doing everything possible to avoid losing it . . .

HOUSTON/MIAMI, March 14 (Reuters) - 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 ...

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