Citgo Auction: Creditors Battle for Venezuelan Oil Giant
Update: 2025-09-09
Description
Citgo's parent company is up for auction, igniting a creditor feeding frenzy! Venezuelan asset seizure victims and defaulted PDVSA bondholders are battling for their piece. U.S. court rulings will decide who gets paid first, setting a precedent for international disputes and potentially reshaping the U.S. energy sector.
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