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U.S. Judge Authorizes Seizure of Venezuela"s Citgo

A U.S. federal judge authorized the seizure of Citgo Petroleum to satisfy a Venezuelan government debt, a ruling that could set off a scramble among Venezuela’s many unpaid creditors......»»

Category: topSource: wsjAug 10th, 2018

The Wall Street Journal: U.S. judge authorizes seizure of Venezuela’s Citgo

A U.S. federal judge authorized the seizure of Citgo Petroleum Corp. to satisfy a Venezuelan government debt, a ruling that could set off a scramble among Venezuela’s many unpaid creditors to wrest control of its only obviously seizable U.S. asset......»»

Category: topSource: marketwatchAug 10th, 2018

Venezuela"s deals to shield Citgo from creditors now in doubt

Venezuela is facing the possible unraveling of a pair of billion-dollar settlements aimed at protecting the cash-strapped country's U.S.-based Citgo Petroleum Corp from seizure by creditors......»»

Category: topSource: reutersDec 11th, 2018

Venezuela Strikes Deal to Save Citgo From Seizure

Venezuela has struck a $1.4 billion deal to retain control of Citgo Petroleum Corp., the latest settlement that keeps the country’s U.S. crude refineries from falling into the hands of creditors......»»

Category: smallbizSource: wsjNov 26th, 2018

Venezuela Strikes Deal to Save Citgo From Seizure - Wall Street Journal

Wall Street JournalVenezuela Strikes Deal to Save Citgo From SeizureWall Street JournalVenezuela has struck a $1.4 billion deal to retain control of Citgo Petroleum Corp., the latest settlement.....»»

Category: topSource: googlenewsNov 26th, 2018

Venezuela to Appeal Court Ruling Authorizing Citgo Seizure

Venezuela’s state oil company plans to appeal a U.S. ruling that would allow one of the country’s creditors to seize a major source of dollars—Citgo Petroleum......»»

Category: topSource: wsjAug 11th, 2018

Judge allows ConocoPhillips deposition of Citgo in Venezuela case, Reuters says

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallJul 5th, 2018

Venezuela opposition to leave Citgo funds, management untouched: envoy

Venezuela's opposition has no plans to use funds belonging to U.S. refiner Citgo, which is owned by state oil company PDVSA, despite having named a new board for the company this week, the self-declared interim government's U.S. envoy said on Friday......»»

Category: topSource: reutersFeb 15th, 2019

Citgo Petroleum to dismiss workers in Aruba over U.S. sanctions: prime minister

A Citgo Petroleum Corp refining unit in Aruba plans to dismiss workers following sanctions imposed by the United States on Venezuela's state-run PDVSA, the parent company of the U.S. refining firm, the island's prime minister said on Friday......»»

Category: topSource: reutersFeb 15th, 2019

Exclusive: Venezuela"s self-declared president Guaido to nominate own Citgo board - sources

Advisers to Venezuela's self-declared president Juan Guaido have proposed he appoint six executives to a transitional board for U.S. refiner Citgo Petroleum Corp, Venezuela's most important foreign asset, four people close to the talks said......»»

Category: topSource: reutersFeb 12th, 2019

Exclusive: Venezuela moves to replace U.S. executives on Citgo board - sources

Venezuelan state-run oil company PDVSA is taking steps to remove at least two American executives from the board of directors at its U.S. subsidiary, Citgo Petroleum Corp, according to people close to the matter......»»

Category: topSource: reutersFeb 9th, 2019

US refiner Citgo emerges as key to Venezuela"s power battle

The U.S. and dozens of other countries may have declared that Nicolas Maduro is no longer the legitimate president of Venezuela, but that has not loosened his grip on power......»»

Category: topSource: foxnewsFeb 9th, 2019

Venezuela"s Guaidó to Name New Citgo Board, Sen. Rubio Says

Venezuela’s opposition leader Juan Guaidó will name a new board for the country’s U.S.-based Citgo Petroleum, U.S. Sen. Marco Rubio said, in a bid to starve the Maduro government of income from the country’s oil, which provides most of its revenue......»»

Category: topSource: wsjFeb 7th, 2019

In the fight for Venezuela, what will happen to Citgo?

While the world w.....»»

Category: topSource: moneycentralFeb 4th, 2019

Venezuela"s Citgo Weighs Bankruptcy, Other Options

Citgo Petroleum is conside.....»»

Category: smallbizSource: wsjFeb 1st, 2019

Venezuela"s Citgo, Which Refines 5% Of US Gasoline, Is Weighing Bankruptcy

In the latest salvo to e.....»»

Category: blogSource: zerohedgeJan 31st, 2019

Exxon Mobil: Venezuela"s Seizure Of Exxon Mobil"s Ship Shouldn"t Affect Growth Plans

Exxon Mobil: Venezuela"s Seizure Of Exxon Mobil"s Ship Shouldn"t Affect Growth Plans.....»»

Category: topSource: seekingalphaJan 13th, 2019

Venezuela holds onto prized US refineries amid legal battle

Venezuela will hold onto its U.S.-based Citgo refineries, settling a lawsuit that threw ownership of the struggling country's prized assets into peril......»»

Category: topSource: foxnewsNov 26th, 2018

The Wall Street Journal: Venezuela reaches $1.4 billion deal to avoid losing control of Citgo

Venezuela has struck a $1.4 billion deal to retain control of Citgo Petroleum Corp., the latest settlement that keeps the country’s U.S. crude refineries from falling into the hands of creditors......»»

Category: topSource: marketwatchNov 25th, 2018

Venezuela settles $1.2 billion creditor claim to protect Citgo

Cash-strapped Venezuela settled a $1.2 billion arbitration claim that will protect its crown jewel foreign asset, the Houston-based Citgo Petroleum Corp refining business, from being stripped away by a creditor, according to Canadian court documents......»»

Category: topSource: reutersNov 25th, 2018

Venezuela"s Key Refineries At Risk Of Seizure

Authored by Robert Rapier via OilPrice.com, In 2007, following Venezuela’s expropriation of billions of dollars of assets from U.S. companies like ExxonMobil an.....»»

Category: blogSource: zerohedgeAug 19th, 2018