Venezuela, Citgo
Gold Reserve drops out of bidding for shares in Citgo parent
Canadian miner Gold Reserve said on Thursday it has dropped out of a U.S. court-organized bidding for shares in oil refiner Citgo Petroleum's parent, citing court delays, and uncertainty over the sales process.
U.S. District Court Judge Sets Oct. 1 Hearing on Request to Pause Citgo Sale -- OPIS
Determining the winning bidder in a court-ordered sale of Citgo has likely been put off until at least next month as a U.S. District Court judge in Delaware considers Venezuela's request for a four-month pause in the proceedings.
Venezuela seeks four-month halt to Citgo auction amid mounting financial crisis
The Venezuelan government has recently attracted attention by requesting a four-month delay in the auction process mandated by a US court regarding the shares of Citgo Petroleum’s parent company, based in Houston.
Gold Reserve drops out of US bidding for shares in Citgo parent
Canadian miner Gold Reserve said on Thursday it has dropped out of a U.S. court-organized bidding for shares in a parent of Venezuela-owned oil refiner Citgo Petroleum, citing court delays, and uncertainty over the sales process.
Gold Reserve Concerned Over Venezuela Request to Pause Citgo Sale -- OPIS
In addition to being a bidder, Gold Reserve is among 12 Venezuelan creditors set to benefit from the sale of Citgo. The creditors had pushed for the sale of Citgo, Venezuela's prime overseas asset, to collect debts and arbitration awards the country has refused to pay.
Venezuela’s PDVSA Asks for Pause on Citgo Auction Until January
Venezuela’s state-owned oil company asked a US judge to pause a court-ordered auction of Citgo Petroleum’s parent until January.
Venezuela seeks 4-month pause in auction of shares in Citgo parent
Lawyers representing Venezuela on Tuesday requested a four-month pause in a U.S. court-ordered auction of shares in a parent of Houston-based oil refiner Citgo Petroleum to pay creditors, according to a filing in U.
Venezuela Ask U.S. District Court to Delay Citgo Auction for Four Months -- OPIS
In an order late Tuesday, U.S. District Court Judge Leonard Stark told parties involved in the case to file by Wednesday arguments on whether he should grant the request. The request by Venezuela and its national oil company,
Lake Charles American Press4d
Citgo vice president: Sale of petroleum refiner nearing the finish line
A U.S. federal court has accepted offers for the purchase of Venezuela-owned refiner Citgo Petroleum, the latest move in a ...
US-backed opposition in Venezuela suffers further setbacks after its candidate fled to Spain
The Biden administration has responded with relative quiescence to recent setbacks in its effort to overthrow President ...
Yahoo Finance4d
Venezuela seeks 4-month pause in auction of shares in Citgo parent
HOUSTON (Reuters) - Lawyers representing Venezuela on Tuesday requested a four-month pause in a U.S. court-ordered auction of shares in a parent of Houston-based oil refiner Citgo Petroleum to pay ...
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Venezuela Seeks Four-Month Pause In $20 Billion Citgo Sale
This complex situation highlights the intersection of Venezuela's political instability, international legal disputes, and the fate of its valuable oil assets. The outcome of the Citgo auction ...