A US federal judge has delayed the deadline for bidding on shares in Citgo Petroleum, a former subsidiary of Venezuela’s state-owned oil business, by almost two weeks. According to a court ...

Some Venezuelan creditors are objecting to the selection of Dalinar Energy's $7.38 billion bid as the winner of a court-ordered auction for control of Citgo Petroleum, according to court filings.

Court advisers have billed nearly $30 million for a stalled auction of shares in a parent of Venezuela-owned oil refiner Citgo Petroleum, raising the ire of creditors that have waited years to get ...

Marathon Petroleum is not planning to participate in the current auction process for shares in a parent of oil refiner Citgo Petroleum, executives said Tuesday.

Bidders will have a few more days to submit rival offers in a court-ordered auction that will determine ownership of Citgo after a federal judge on Tuesday extended the process until at least June ...

Venezuelan debts mount against Citgo as auction nears, clouding the Houston refiner’s future By Amanda Drane, Staff writer Updated Nov 22, 2023 5:16 p.m.

HOUSTON (Reuters) -A U.S. federal judge has extended to at least June 2 a period for bidders to submit rival bids in a court-organized auction of shares in the parent of Venezuela-owned refiner ...

Guest author Austin Barnes analyzes how the actions of Juan Guaidó and his associates saddled Citgo with an unpayable debt.

Citgo, the crown jewel of Venezuela's overseas assets, sits at the center of a Delaware court auction in which 18 companies seek to collect up to $21.3 billion for debt defaults and expropriations ...