Bondholders owed some $1.7 billion by Venezuela seek to derail Citgo’s latest bidder.

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.

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 ...

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.

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 ...

A court-appointed special master recommended a bid backed by Gold Reserve and Koch over a rival hedge-fund offer.

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 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 ...

Holders of some defaulted Venezuelan bonds are seeking to block a bid to purchase Citgo Petroleum Corp.’s parent company, as they claim the transaction would strip them of their rights for payment.

Citgo must settle with Group 1 creditors by Friday, to forestall US Judge Leonard Stark’s sale process order and the risk of the certiorari petition being denied.

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 ...