Venezuela, Citgo
Gold Reserve drops out of bidding for shares in Citgo parent
Canadian miner Gold Reserve said on Thursday it has dropped out of a U.S. court-organized bidding for shares in oil refiner Citgo Petroleum's parent, citing court delays, and uncertainty over the sales process.
U.S. District Court Judge Sets Oct. 1 Hearing on Request to Pause Citgo Sale -- OPIS
Determining the winning bidder in a court-ordered sale of Citgo has likely been put off until at least next month as a U.S. District Court judge in Delaware considers Venezuela's request for a four-month pause in the proceedings.
Venezuela seeks four-month halt to Citgo auction amid mounting financial crisis
The Venezuelan government has recently attracted attention by requesting a four-month delay in the auction process mandated by a US court regarding the shares of Citgo Petroleum’s parent company, based in Houston.
Gold Reserve drops out of US bidding for shares in Citgo parent
Canadian miner Gold Reserve said on Thursday it has dropped out of a U.S. court-organized bidding for shares in a parent of Venezuela-owned oil refiner Citgo Petroleum, citing court delays, and uncertainty over the sales process.
Gold Reserve Concerned Over Venezuela Request to Pause Citgo Sale -- OPIS
In addition to being a bidder, Gold Reserve is among 12 Venezuelan creditors set to benefit from the sale of Citgo. The creditors had pushed for the sale of Citgo, Venezuela's prime overseas asset, to collect debts and arbitration awards the country has refused to pay.
Venezuela’s PDVSA Asks for Pause on Citgo Auction Until January
Venezuela’s state-owned oil company asked a US judge to pause a court-ordered auction of Citgo Petroleum’s parent until January.
Venezuela seeks 4-month pause in auction of shares in Citgo parent
Lawyers representing Venezuela on Tuesday requested a four-month pause in a U.S. court-ordered auction of shares in a parent of Houston-based oil refiner Citgo Petroleum to pay creditors, according to a filing in U.
Venezuela Ask U.S. District Court to Delay Citgo Auction for Four Months -- OPIS
In an order late Tuesday, U.S. District Court Judge Leonard Stark told parties involved in the case to file by Wednesday arguments on whether he should grant the request. The request by Venezuela and its national oil company,
Gold Reserve Provides Update on Delaware Proceedings
Gold Reserve Inc. (TSX.V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") provides the following update on the sales and bidding process (the "Sale Process") for the purchase of the common ...
US service member detained in Venezuela, officials say
A US service member has been detained in Venezuela, according to four US officials familiar with the matter. The service ...
Lake Charles American Press3d
Citgo vice president: Sale of petroleum refiner nearing the finish line
A U.S. federal court has accepted offers for the purchase of Venezuela-owned refiner Citgo Petroleum, the latest move in a ...
Game Over? Venezuelan Opposition Looks Cornered As Maduro Digs In
Venezuela's battered opposition is running out of options for challenging President Nicolas Maduro's claim to have won ...
Fitch Warns of Citgo Credit Risks but Affirms Stable Outlook
Rating agency Fitch affirmed the default rating of U.S. refiner Citgo Petroleum Corp. at 'B' with a stable outlook, while ...
Maduro tries to distract from election fallout with ludicrous Christmas ploy | Opinion
Venezuela may be suffering from economic collapse and hyper-inflation, but Maduro knows how to distract and placate:  Decree ...