Extension of Citgo protection would benefit creditors – Venezuela candidate Machado
By Vivian Sequera and Mayela Armas CARACAS (Reuters) – Venezuelan opposition presidential candidate Maria Corina Machado on Friday said she hoped the U.S. Treasury Department would extend its protection of Houston-based refiner…
US court accepts $20.8 billion in claims against Venezuela in Citgo auction
By Marianna Parraga and Gary McWilliams (Reuters) -A U.S. court on Friday approved claims by 17 Venezuela-linked creditors, including ConocoPhillips, Rusoro Mining and Koch Industries, to get proceeds from a coming auction…
Hanover Police Investigating Early Morning Robbery at Citgo
HANOVER, MD – On January 3, 2024, at approximately 5:30 a.m., Hanover police officers were called to the Citgo gas station at 7500 Ridge Road following a report of a robbery. According…
Citgo valued at $32 billion-$40 billion ahead of auction of shares -court hearing
By Marianna Parraga and Tom Hals HOUSTON/WILMINGTON (Reuters) -Venezuela-owned oil refiner Citgo Petroleum has been valued by its parent company at between $32 billion and $40 billion, according to a court official…
Factbox-Which creditors will have priority for Citgo share auction?
By Marianna Parraga HOUSTON (Reuters) – A U.S. judge in Delaware on Tuesday will set the procedure for an upcoming auction of shares in a parent of Venezuela-owned oil refiner Citgo Petroleum…
Citgo Petroleum on track for $2.5 billion profit in 2022 – supervisory board
HOUSTON (Reuters) – Refiner Citgo Petroleum is on track for a $2.5 billion profit this year, which it plans to use for repaying debt and invest in the reliability of its operations,…
Venezuela objects to U.S. court’s calendar to sell Citgo parent’s shares
CARACAS (Reuters) – The Venezuelan government on Wednesday objected to what it called an “arbitrary decision” by a U.S. court that approved a calendar for auctioning shares in the parent of Houston-based…
U.S. judge approves sales process for shares in Citgo Petroleum’s parent
HOUSTON (Reuters) – An auction schedule to sell shares in Citgo Petroleum’s parent company, which could force a breakup of the Venezuela-owned U.S. oil refiner, was approved by a U.S. federal judge…
Luis Giusti ousted from Citgo Petroleum’s board of directors
HOUSTON – Oil executive Luis Giusti Lugo was removed from the board of directors of Houston-based refiner Citgo Petroleum, the chief of the company’s supervisory body said on Monday. “Citgo Holding’s board…
Venezuelan court upholds long prison stints for ‘Citgo Six’
By Deisy Buitrago CARACAS – A Venezuelan appeals court has upheld long prison terms on corruption charges for six former executives of oil refiner Citgo, a U.S. subsidiary of Venezuelan oil company…
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