ConocoPhillips has filed a court motion to preserve the U.S. oil producer's almost top priority among Citgo Petroleum ...
Siemens Energy Inc has filed a lawsuit in a Texas court against Citgo Petroleum's parent, PDV Holding, seeking to recoup ...
Holders of billions of dollars in Venezuelan bonds and notes have emerged as last-minute protagonists in a U.S. court case ...
Shares in the Citgo parent whose only asset is the refiner are being auctioned to repay up to $21.3B in claims against Venezuela and state oil firm PDVSA for expropriations and debt defaults.
Citgo’s main assets are three refineries in ... All told, foreign companies are seeking compensation for more than $21 billion in debts, according to court records. The court filing comes ...
The “special master” overseeing the auction has requested that creditors be barred from pursuing separate court claims.
A U.S. district court in Delaware is auctioning shares in Citgo parent PDV Holding to repay up to $21.3 billion in claims against Venezuela and state-oil firm PDVSA for expropriations and debt ...
But Crystallex, the company that in 2017 first brought a case that found Citgo parent PDV Holding liable ... creditors who are collectively claiming $21.3 billion were "unlikely to ever be paid." ...
ConocoPhillips seeks to preserve priority creditor status in Citgo auction amidst legal battles over Venezuelan debt recovery ...
Citgo, Venezuela's crown jewel of foreign assets, has been valued up to $13 billion as part of the auction while claims against those shares total $21.3 billion. Venezuela's external debt ...