News

Bondholders owed some $1.7 billion by Venezuela seek to derail Citgo’s latest bidder.
A U.S. court officer has selected miner Gold Reserve's $7.38 billion bid as the preliminary winner of an auction of shares in ...
If Citgo is seized and sold to pay Venezuela’s debts, it could disrupt one of the most reliable sources of cash for a country already reeling from hyperinflation, food and medicine shortages, ...
Citgo, a subsidiary of state-run oil firm PDVSA, is currently run by boards appointed by Juan Guaido, whom Washington recognizes as Venezuela's legitimate leader. It views President Nicolas Maduro ...
A court-appointed special master recommended a bid backed by Gold Reserve and Koch over a rival hedge-fund offer.
The fate of six Citgo executives being held in captivity in Venezuela on what their families are describing as trumped-up corruption charges could become more clear Wednesday if a preliminary ...
CITGO is a wholly owned subsidiary of Venezuela’s state-owned oil and natural gas company Petróleos de Venezuela, S.A. (“PDVSA”). 1 One aspect of its business operations is that CITGO ...
The arrests here of six top executives of Citgo, the U.S. subsidiary of Venezuela’s state-owned oil giant, amount to a dramatic shake-up in the leadership of the oil interests that have been ...
Citgo oil executives Jose Angel Pereira, Gustavo Cardenas, Jorge Toledo, Jose Luis Zambrano, Tomeu Vadell and Alirio Jose Zambrano were jailed in Venezuela more than three years ago on corruption ...
Venezuela could lose its largest U.S. asset after a court allowed a Canadian gold miner to seize shares of Citgo Petroleum Corp.’s parent to satisfy an arbitration award. A U.S. appeals court ...
A U.S. court has completed a second bidding round in a auction of shares in the parent of Venezuela-owned Citgo Petroleum after at least three consortia submitted revised bids in June, raising ...