On Thursday, OFAC issued General License 5Q forbidding any transactions involving the debt instrument until March 7, 2025.

The U.S. Treasury Department on Thursday extended a license protecting Venezuela-owned Citgo Petroleum from bondholders to ...

The Boards of Directors of PDV Holding, Inc., CITGO Holding, Inc., and CITGO Petroleum Corporation (the “Companies”), and ...

Amber Energy has submitted a lower-priced bid for Venezuela's PDV Holding (Citgo's parent company) with a direct payout to creditors, hoping to address their concerns from the initial offer.

The new proposal by affiliate Amber Energy is $2 billion less than its original offer and has a different structure, in an ...

The U.S. Treasury Department on Thursday extended a license protecting Venezuela-owned Citgo Petroleum from bondholders to ...

An affiliate of Elliott Investment Management put forth an alternative offer to buy oil refiner Citgo Petroleum Corp. in a ...

ConocoPhillips has launched an aggressive strategy to collect its claims beyond the CITGO auction. According to Bloomberg, the US Treasury Department has granted several licenses to allow the firm to ...

HOUSTON (Reuters) - Key terms of a proposed court agreement with a U.S. hedge fund seeking to gain control of oil refiner Citgo Petroleum from Venezuela would lock in the fund's low-ball bid ...

Citgo is the only asset of PDV Holding, which a U.S. district court in Delaware has found to be liable for Venezuela's foreign debts. Conoco's filing in the court follows lawsuits in Texas and New ...