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 ...

The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the government of Venezuela, which owns Citgo. By Rebecca F. Elliott A firm ...

At least two groups of holders have resorted to other U.S. courts to enforce their claims, pursuing the same Citgo assets that industrial conglomerates, mining and oil firms have been pursuing for ...

HOUSTON, Oct 15 (Reuters) - ConocoPhillips (COP.N), opens new tab has filed a court motion to preserve the U.S. oil producer's almost top priority among Citgo Petroleum creditors to cash proceeds ...

HOUSTON (Reuters) - Holders of billions of dollars in Venezuelan bonds and notes have emerged as last-minute protagonists in a U.S. court case set to decide the ownership of oil refiner Citgo ...

Caracas, October 13, 2024 (venezuelanalysis.com) – A Delaware court-mandated auction of Venezuelan US-based refiner CITGO is facing renewed obstacles from separate creditor legal efforts. Gramercy ...

HOUSTON (Reuters) -An affiliate of Elliott Investment Management on Friday was named the presumptive winner in a U.S. court auction of shares in a parent of oil refiner Citgo Petroleum with a bid ...

(Bloomberg) — An Elliott Investment Management affiliate won an auction for Citgo Petroleum Corp.’s parent company with a bid for $7.3 billion, clearing a key hurdle in the fund’s push to acquire an ...

Committed to enhancing the world-class assets of CITGO and continuing to deliver vital products for the benefit of its customers and communities. Possesses the operational expertise and capital ...

The plaintiffs claimed Citgo's pension plans utilized mortality tables from the 1970s to determine the value of the joint pensions, resulting in married retirees systematically receiving less ...

HOUSTON, Oct. 3, 2024 /PRNewswire/ -- CITGO Petroleum Corporation recently launched its 36 th annual Marketer Roundtable meeting series to review brand strategies and programs for the year ahead ...