Citgo Petroleum has secured a $1.2 billion loan to fund its daily operations as its parent company, Venezuelan-state owned PDVSA, struggles under U.S. sanctions. The Houston-based refiner touted ...

Concerns are mounting in Texas and Washington about the state of Citgo Petroleum, its refineries and its 4,000 U.S. employees following the recent arrests of the company's top executives in ...

As Venezuela’s economic crisis deepens, concerns over losing control of Citgo have grown. Courts have increasingly upheld creditor claims, recognizing Venezuela’s dire financial situation.

For the past four years, the United States protected oil refiner Citgo Petroleum from creditors seeking to seize Venezuela's foreign crown jewel for billions of dollars in claims. But on Monday, a ...

The bondholders' attorney went to pains to explain that he wasn't asking U.S. District Judge Katherine Polk Failla to interfere with the sale.

Venezuela reported to have released ‘Citgo 6’ from prison By Sergio Chapa , Staff writer Updated Dec 10, 2019 9:42 a.m. Jose Pereira (right) with his wife Mervis on their 30th wedding ...

Concerns have heightened for the wellbeing of the “CITGO 6” – five U.S. citizens and one legal resident – who have been detained by the Maduro regime in Caracas for more than two years.

Gustavo Cardenas and five other executives of Houston-based Citgo, a subsidiary of Venezuela’s state-owned oil giant, had been in detention in Venezuela since 2017.

The highest bid received in a U.S. auction of shares that will decide the fate of Venezuela-owned oil refiner Citgo Petroleum was $7.3 billion, enough to cover only a third of court-approved ...

Venezuela has officially lost its most prized international asset: Citgo Petroleum, the 807,000-bbl/d U.S. refining arm of state-owned Petróleos de Venezuela (PDVSA). The final auction price went ...

For the past four years, the United States protected oil refiner Citgo Petroleum from creditors seeking to seize Venezuela's foreign crown jewel for billions of dollars in claims. But on Monday, a ...