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  1. U.S. Moves To Protect PDVSA-Owned Citgo For Another Year

    https://oilprice.com/Latest-Energy-News/World-News/...

    Jan 21, 2022 · The Treasury Department extended a moratorium on transactions on a bond issued by the U.S. arm of Venezuela’s PDVSA, Citgo, for another year in the latest move to …

  2. https://www.nasdaq.com/articles/u.s.-extends...

    Jul 20, 2021 · July 20 (Reuters) - The United States on Tuesday extended a measure protecting Venezuelan-owned U.S. refiner Citgo Petroleum Corp PDVSAC.UL from bondholders seeking …

  3. People also ask
    Will Russia Rosneft take over Citgo?One such loan made Russia Rosneft, for example, eligible for effectively taking over Citgo if the debt was not repaid—something U.S. authorities have vowed never to allow. Yet there is also a Canadian company that has laid a claim to Citgo.
    oilprice.com/Latest-Energy-News/World-News/US-Moves-…
    What is going on with Citgo?The complicated situation that Citgo is in right now is a result of PDVSA using the U.S. business as collateral for a lot of loans. One such loan made Russia Rosneft, for example, eligible for effectively taking over Citgo if the debt was not repaid—something U.S. authorities have vowed never to allow.
    oilprice.com/Latest-Energy-News/World-News/US-Moves-…
    Is there a Canadian company that is suing Citgo?Yet there is also a Canadian company that has laid a claim to Citgo. Crystallex, a miner that saw its operations in Venezuela nationalized by Hugo Chavez, won a court battle against Venezuela a few years ago that ended with it being awarded compensation to the tune of $1.4 billion.
    oilprice.com/Latest-Energy-News/World-News/US-Moves-…
    Why is Crystallex trying to take over Citgo?Since the government in Caracas was highly unlikely to respect the ruling of the arbitration court, Crystallex made an approach to take over Citgo and sell it—or rather its parent company that controls the capital—to get its money.
    oilprice.com/Latest-Energy-News/World-News/US-Moves-…
  4. https://www.citgo.com/newsroom

    CITGO operates three state-of-the-art refineries in the Gulf Coast and Midwest, a network of pipelines and terminals, as well as lubricants blending plants across the country. Lake Charles …

  5. https://www.cbsnews.com/news/rosneft-citgo-russian-oil-deal

    Apr 11, 2017 · In a letter sent Monday to Treasury Secretary Steven Mnuchin, the lawmakers expressed concern over a Nov. 30 deal, which CBS News first reported on in March, that …

    • Estimated Reading Time: 4 mins
    • https://www.cbsnews.com/news/rosneft-russian-oil-could-claim-us-oil-trump-cfius

      Mar 09, 2017 · While the terms of Rosneft’s loan to PDVSA could lead it to own nearly half of Citgo — the other 50.1 percent would remain under PDVSA control — there are two major …

      • Estimated Reading Time: 10 mins
      • https://www.marketscreener.com/quote/stock/ROSNEFT...

        May 18, 2017 · Russian oil major Public Joint Stock Company Rosneft Oil Company has not planned and does not plan to acquire control over Citgo Petroleum Corporation, a U.S. unit of …

      • https://www.yahoo.com/news/exclusive-venezuela...

        Aug 03, 2017 · Rosneft and Citgo were not immediately available for comment. Rosneft has loaned between $4 billion and $5 billion to Venezuela in recent years, mostly to be repaid with oil.

      • https://www.reuters.com/article/us-venezuela-usa-citgo-pete-idUSKBN1AJ1JI

        Aug 03, 2017 · Rosneft has loaned between $4 billion and $5 billion to Venezuela in recent years, mostly to be repaid with oil. Terms of most agreements have not been disclosed, but …

      • https://www.reuters.com/article/us-oil-rosneft-citgo-exclusive-idUSKBN1A52RN

        Jul 20, 2017 · CARACAS/HOUSTON (Reuters) - Russia’s top oil producer Rosneft is negotiating to swap its collateral in Venezuelan-owned, U.S.-based refiner Citgo for oilfield stakes and a …

      • https://www.newsnow.com/.../Venezuela/PDVSA

        Latest news on Petróleos de Venezuela, S.A. (PDVSA), a Venezuelan state-owned oil and natural gas company. This feed updates continuously 24/7 so check back regularly. Relevance …



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