Estimated read time 3 min read
Latin America and the Caribbean North America USA Venezuela

Citgo Auction in Jeopardy as Bondholders Pursue Claims

(Reuters, 9.Oct.2024) — Holders of billions of dollars in Venezuelan bonds and notes have emerged as last-minute protagonists in a U.S. court case set to [more…]

Estimated read time 2 min read
Latin America and the Caribbean North America USA Venezuela

Exxon Director Joins Elliott Seeking to Acquire Citgo Petroleum

(Reuters, 28.Sep.2024) — Exxon Mobil board director Gregory Goff recently joined a newly formed Elliott Investment Management-backed company seeking to acquire control of Venezuela-owned oil [more…]

Estimated read time 4 min read
Latin America and the Caribbean North America USA Venezuela

US Court Accepts $20.8bn in Claims Against Venezuela in Citgo Auction

(Reuters, 19.Jan.2024) — A U.S. court on Friday approved claims by 17 Venezuela-linked creditors, including ConocoPhillips, Rusoro Mining and Koch Industries, to get proceeds from [more…]

Estimated read time 8 min read
Latin America and the Caribbean North America USA Venezuela

Venezuela Wooed Texan Lawmaker To Ease Sanctions

(AP, 22.Jun.2020) — Venezuela’s socialist government tried to recruit then-Congressman Pete Sessions to broker a meeting with the CEO of Exxon Mobil at the same [more…]

Estimated read time 2 min read
Canada Latin America and the Caribbean North America USA Venezuela

Venezuela Spurned By US Court In Citgo Clash

(Bloomberg, 18.May.2020) — The U.S. Supreme Court rejected an appeal by Venezuela in its fight to retain control of oil refiner Citgo Holding Inc., putting [more…]

Estimated read time 4 min read
Latin America and the Caribbean North America USA Venezuela

Mariela Poleo To Head Simón Bolívar Foundation

(Citgo, 8.Mar.2020) — Citgo Petroleum Corporation announced the appointment of Mariela Poleo as President of the Simón Bolívar Foundation (SBF), the company’s non-profit, private foundation [more…]

Estimated read time 3 min read
Latin America and the Caribbean North America USA Venezuela

Citgo Says Gerd Knutsen Released From Seizure

(Citgo, 28.Feb.2020) — Citgo Petroleum Corporation confirms that the Gerd Knutsen and its crew have safely reached international waters, and that the Company intends to [more…]

Estimated read time 4 min read
Latin America and the Caribbean North America USA Venezuela

Latest Rosneft Sanctions Raise Risks For Others

(Reuters, 19.Feb.2020) — Washington’s move this week to sanction a trading unit of Russian oil giant Rosneft for its ties with Venezuela’s state-run PDVSA escalated [more…]

Latin America and the Caribbean North America USA Venezuela

CITGO Foundation Holds Symposium On Venezuelan Health Crisis

(Citgo, 25.Jul.2019) — The Simón Bolívar Foundation, the 501(c)(3) non-profit, private foundation of CITGO Petroleum Corporation, held an educational and networking event last night for [more…]

Latin America and the Caribbean Venezuela

U.S. Company Manager Pleads Guilty in PDVSA Bribery Scheme

(Reuters, 13.Sep.2018) — A former manager of a U.S.-based logistics company pleaded guilty on Thursday to paying bribes to secure contracts from Venezuela’s state oil [more…]

Latin America and the Caribbean Venezuela

Venezuelan Oil Assets to be Seized by Creditors

(Express, Simon Osborne, 16.Aug.2018) – Venezuela’s oil assets are being targeted by angry creditors after a US court granted a Canadian mining company permission to [more…]

Latin America and the Caribbean USA Venezuela

Venezuela’s Citgo Refineries At Risk Of Seizure

(Forbes, Robert Rapie, 12.Aug.2018) – In 2007, following Venezuela’s expropriation of billions of dollars of assets from U.S. companies like ExxonMobil and ConocoPhillips, I suggested [more…]

Latin America and the Caribbean USA Venezuela

U.S. Judge Authorizes Seizure of Venezuela’s Citgo

(The Wall Street Journal, Andrew Scurria and Julie Wernau, 9.Aug.2018) – A U.S. federal judge authorized the seizure of Citgo Petroleum Corp. to satisfy a [more…]

Latin America and the Caribbean USA Venezuela

Venezuela’s Energy Sectors Remain Attractive, Unattractive

(Energy Analytics Institute, 28.May.2018) — Venezuela’s upstream, downstream and midstream sectors remain attractive, yet unattractive to investors. Why the contradiction? The three sectors remain highly [more…]

Latin America and the Caribbean USA Venezuela

PDVSA Ex-President Luis Giusti Says Co. Bankrupt

(Energy Analytics Institute, Jared Yamin, 14.May.2018) – Venezuela’s state oil company Petróleos de Venezuela, S.A. (PDVSA) is bankrupt, at least that what its former president [more…]

Latin America and the Caribbean Venezuela

Maduro Names Citgo President as Venezuela’s Oil Minister

(Energy Analytics Institute, Aaron Simonsky, 20.Jan.2017) – Venezuela President Nicolas Maduro announced the appointment of Nelson Martínez, the actual president of Citgo Petroleum Corporation, as [more…]

Latin America and the Caribbean Venezuela

Journalist Round Table with Rafael Ramirez

(Energy Analytics Institute, Piero Stewart, 31.Jul.2013) – PDVSA President Rafael Ramirez held a small round table with journalist in Caracas, Venezuela. What follows are excerpts [more…]