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Venezuela representatives and US officials have met to discuss the auction of Citgo Petroleum's assets. The auction, which includes Citgo's Texas refinery in Corpus Christi, is set to close on Tuesday. This refinery, Citgo's smallest and least profitable, has gained significant attention as it could be a breakout candidate in the auction. Consortia are targeting this prized asset as part of the bidding round. The sale is part of a court-ordered process to pay over $20 billion in Venezuela-related claims. Meanwhile, Venezuela's opposition is increasing lobbying efforts in Washington to persuade the Biden administration to intervene in the sale of Citgo's parent company.
Venezuela’s opposition is ramping up lobbying efforts in Washington, trying to persuade the Biden administration to intervene in the court-ordered sale of Citgo’s parent company in the US https://t.co/Oafn2aiLCJ
Exclusive: Consortia target Citgo's Texas refinery as auction deadline looms, sources say https://t.co/di07vPbYjd https://t.co/v7a0amFi8H
Citgo Petroleum's smallest and least profitable oil refinery has been thrust into the spotlight as a potential breakout candidate ahead of next week's court auction to pay over $20 billion in Venezuela-related claims, two people close to the process said https://t.co/bwYzozqVXK https://t.co/XEiky0qjCC
