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Citgo latest news. Join the United Corpus Christi Chamber of Commerce for the 2026 State of the County Address to learn about the latest county news and developments. oil refiner they may raise their offers after The latest international CITGO Petroleum Corp news and views from Reuters - one of the world's largest news agencies HOUSTON (Reuters) -The auction of the parent of Venezuela-owned U. U. According to sources who are familiar with these efforts, Phillips 66, Citgo Petroleum, and other U. A Delaware court has recommended a $7. refiners Phillips 66 and Citgo Petroleum are ⁠seeking ⁠to buy heavy crude directly from Venezuelan state oil company ⁠PDVSA starting in April to maximize By Nicole Jao, Arathy Somasekhar and Marianna Parraga HOUSTON, Feb 18 (Reuters) – U. S. refiner Citgo Petroleum during the final hours of a U. court is set to re-launch a court-ordered auction of assets of Venezuela’s PDV Holding, the parent company of refiner Citgo, with new terms expected to draw higher bids, after a previous PEMBROKE, Bermuda, March 24, 2025--Gold Reserve Ltd. , one of the leading processors of heavy crude oil in the United States, is facing a critical moment following the U. assets subject to regulatory approvals and closing conditions [1] [2]. refiner Citgo Petroleum kicked off on Monday, By Nicole Jao, Arathy Somasekhar and Marianna Parraga Phillips 66, Citgo seek to purchase directly starting in April, Valero later in the year Venezuelan crude prices ease amid US Gulf Coast supply surge Direct purchases may face challenges under general license HOUSTON, Feb 18 (Reuters) - U. 38 billion bid from Dalinar Energy Corp. There’s opposition, but a final decision could be just weeks away. refiner Citgo Petroleum is turning into a heated contest between creditors trying to get compensation for the expropriation of The latest breaking news, comment and features from The Independent. In today’s RBN blog, we’ll discuss what a resolution would mean for the The American Press reached out to the Citgo Lake Charles office for comment about the latest bids,,but did not receive a response by deadline. export licenses for Venezuelan oil in January as part Welcome to CVS Caremark® – we manage your prescription benefit on behalf of your new plan. Crystallex is the Delaware case involving the potential sale of the stock of Citgo, an indirectly owned asset of Venezuela, to satisfy creditors of Venezuela and PDVSA. (“Amber Energy”) announced today that it has been approved as the acquirer of PDV Holding, Inc Access all the latest news from CITGO. refineries, related pipelines and terminal assets remains uncertain as the auction faces additional legal hurdles. 9 billion bid for Citgo parent PDV Holding, clearing the way for the sale of the Venezuela-owned company after years of creditor litigation. A group led by commodities trading house Vitol submitted a bid exceeding $10 billion for the parent of Venezuela-owned U. (TSX. 38 billion deal already recommended by a court The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the government of Venezuela, which owns Citgo. Refiners Phillips 66, Citgo Petroleum Secure Direct Venezuelan Oil Purchases Following Sanctions Relief February 18, 2026 at 4:50 PM GMT+0 A By Amelia Harcourt, Editor Stay updated on danvers citgo with breaking news and videos from top publishers on NewsBreak - the best source for local and national news. Thursday. 9 billion bid should be HOUSTON (Reuters) -Blue Water Acquisition Corp said on Friday that it submitted an offer valued at $10 billion for the parent of Venezuela-owned refiner Citgo Petroleum, which includes a $3. judge approved Elliott Investment Management’s $5. The court-ordered auction of Citgo's parent company, PDV Holding, will restart after creditors rejected the initial winning bid. This announcement continues a series of legal and financing developments tied to Rusoro’s enforcement efforts against Venezuela. refiner Citgo Petroleum is turning into a heated contest between creditors trying to get compensation for the expropriation of HOUSTON (Reuters) -A U. parent that controls Citgo Petroleum — under a Delaware federal court-ordered auction, effectively acquiring control of Citgo’s U. court is weighing 12 initial bids from private investment funds and companies participating in an auction of shares of refiner Citgo Petroleum's parent, a court officer said on Tuesday, a A surprise bidder has entered the high-stakes auction for PDV Holding—the U. HOUSTON, Feb 18 (Reuters) - U. judge on Monday authorized a court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum to receive and negotiate improved bids this week before The court-ordered auction of Citgo's parent company, PDV Holding, will restart after creditors rejected the initial winning bid. Further, the sale remains subject to approval by the Office of Foreign Asset Control of the U. court-organized auction of shares in the parent of Venezuela-owned U. HOUSTON (Reuters) -Black Lion Citgo Group, a consortium led by private equity firm Black Lion Capital Advisors, submitted an $8 billion all-cash bid for the parent of Venezuela-owned U. We provide these resources as a courtesy to news media, our suppliers and employees who use the images in a manner consistent with their relationship with us. refineries could soon be coming to an end. Jan 22, 2026 · Citgo’s fate will be decided not in Caracas, but in Delaware courtrooms and Washington offices. . economy Transaction will provide growth opportunities for CITGO employees, customers, and local communities HOUSTON, November 25, 2025—Amber Energy Inc. A U. The US federal court in Delaware should launch the sale of US refiner Citgo's parent company in September to take advantage of the rebounding profits in the refining industry, a court official tasked with the auction said. , the U. refiners Phillips 66… CITGO Lemont Refinery raised a record-breaking $234,220 for the Muscular Dystrophy Association with 288 bowlers from 48 companies competing at the 15th Annual MDA bowling event. Trafigura Trading and Vitol secured the first U. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through trading houses and U. oil major Chevron, according to sources familiar with […] Recent Rusoro news around the CITGO auction and enforcement financing has been followed by modestly positive price reactions, suggesting the market has typically viewed these legal/process updates constructively. They do not plan to use trading houses or the U. -based parent of Citgo Petroleum—throwing a wrench into a $7. Approximately 30,000 gallons of alkylate, a gasoline byproduct, were leaked shortly after 9 a. The event featured 288 bowlers from 48 companies U. President Donald Trump moves quickly to put together a $100 billion effort to revive Venezuela's oil industry after capturing President Nicolas Maduro, Washington has yet to finalize the Dec 1, 2025 · A U. court officer said on Monday an affiliate of hedge fund Elliott Investment Management made the best bid for the parent of Venezuela-owned refiner Citgo Petroleum, against News Venezuela: Delaware Court Extends CITGO Bidding Deadline as New Suitors Emerge Red Tree, Gold Reserve, Vitol and TPG Angelo Gordon have submitted offers for Venezuela’s most valuable foreign asset. Dec 1, 2025 · Get the Latest US Focused Energy News Delivered to You! It's FREE: Quick Sign-Up Here A Delaware court last week approved Amber’s $5. We’re here to help you get the medication you need and learn how to keep costs low. Whether Amber Energy ultimately takes control or whether the sale is unwound on appeal, the Citgo case reveals how sovereignty can be dismantled through contracts, sanctions, and court orders. oil giant Chevron. attack on Venezuela that ended with the capture of former President Nicolás Maduro. Citgo Petroleum, long described as Venezuela’s crown jewel in the United States, was supposed to be on a clear path to a court-supervised auction that would satisfy a thicket of unpaid creditors A U. oil major Chevron, according to sources familiar Stay informed with the latest News, Sports, Weather & More that you’ve been missing! Join us today at Waterbury News Network. 9 billion bid for Citgo’s parent PDV Holding and ordered the sale of PDV’s shares, wrapping up an auction aimed at compensating creditors for debt defaults and expropriations in Venezuela. The winner of the auction for CITGO’s three large U. CITGO’s Lemont Refinery recently hosted its 15th Annual Muscular Dystrophy Association (MDA) bowling event, raising a record-breaking $234,220. Department of the Treasury. court to cash proceeds from the auction of Citgo Petroleum's parent began examination proceedings in a hearing of experts, advisers and an executive from Elliott Bermudian-based Gold Reserve Ltd has stepped up its battle in the high-profile sale of Citgo Petroleum’s parent company, telling a United States court that its $7. Singapore Latest News, Singapore Headlines Similar News: You can also read news stories similar to this one that we have collected from other news sources. HOUSTON (Reuters) -A U. The eight-year legal clash over the coveted CITGO refinery assets just took another unexpected turn, leaving the potential sale up in the air. Jan 13, 2026 · As U. federal judge on Wednesday said he will decide on pending motions seeking to disqualify him and advisors overseeing the court-ordered auction of Citgo Petroleum's parent A U. Officials confirmed there is no danger to the public. The case has been very active—in the time since our last update on March 5, 2024, there have been over 500 docket entries. A Delaware judge has ordered the sale to settle debts, as Venezuela says US military buildup is targeting its oil. court overseeing the auction of shares in Venezuela-owned Citgo Petroleum's parent has told bidders seeking to acquire the seventh-largest U. Executive summary Amber Energy, an affiliate of Elliott Investment Management, agreed to buy the shares in PDV Holding — the U. The deal still awaits regulatory approval from OFAC. In today’s RBN blog, we’ll dive into the latest in the court case and what it Creditors lining up in a U. Citgo Petroleum Corp. V: GRZ) (OTCQX: GDRZF) ("Gold Reserve" or the "Company") announces that the $7. refiners want to purchase heavy crude oil directly from Venezuelan oil giant PDVSA in order to maximize their profits. A Delaware court last week approved Amber's $5. refiner Newsroom CITGO’s $15,000 Homelessness Awareness Gift Marks $40,000 in Annual Support to Sulphur Christian Community Coalition Blue Water Acquisition has submitted a $10bn bid to purchase PDV Holding, the parent company of Citgo Petroleum. 1 billion bid, with fully committed financing from two Judge Stark’s decision to remove the latest legal obstacle increases Amber Energy’s prospects of concluding its purchase of CITGO. HOUSTON (Reuters) -Groups led by affiliates of Contrarian Funds, Gold Reserve and Vitol are working on improved offers for the parent of Venezuela-owned refiner Citgo Petroleum as the list of HOUSTON (Reuters) -The auction of the parent of Venezuela-owned U. CITGO is a refiner, transporter, and marketer of transportation fuels, lubricants, petrochemicals and other petroleum-based industrial products. subsidiary of Canadian miner Gold Reserve Ltd. m. 9-B bid for Citgo's parent PDV Holding and ordered the sale of PDV's shares, wrapping up an auction aimed at compensating creditors for debt defaults and expropriations in Venezuela. court-organized A U. The Republic, PDVSA, PDVH, and Citgo have appealed the Order on December 1. Sep 15, 2025 · HOUSTON (Reuters) - A long-awaited sale hearing expected to complete a U. Since Citgo in 2019 cut ties with its ultimate parent, Caracas-based state company PDVSA, Venezuela has struggled to find new markets for its oil, while the Houston-based refiner has resorted to other crude suppliers. Nov 25, 2025 · Amber Energy reaffirms commitment to enhancing the world-class assets of CITGO and continuing to deliver vital products to help power the U. federal judge on Wednesday said he will decide on pending motions seeking to disqualify him and advisors overseeing the court-ordered auction of Citgo Petroleum's parent Citgo had posted losses in the previous two quarters as a result of weaker refining margins before returning to profitability in the latest period. judge has denied motions filed by Venezuela and Gold Reserve to disqualify him, a court officer and two advising firms overseeing an auction of shares in the parent of refiner Citgo The bitter, eight-year battle to control CITGO Petroleum’s three U. 2 At stake is Citgo’s 800,000-barrel-a-day refining network, a series of pipelines and terminals, and marketing deals with 4,000 independently owned retail outlets. refiners Phillips 66 and Citgo Petroleum are seeking to buy heavy crude directly from Venezuelan state oil company PDVSA starting in April to maximize profits, rather than purchasing through Stay updated on danvers citgo with breaking news and videos from top publishers on NewsBreak - the best source for local and national news. Gold Reserve disclaims any intent or obligation to update publicly or otherwise revise any forward-looking statements or the foregoing list of assumptions or factors, whether as a result of new HOUSTON, Feb 18 (Reuters) - U. ogzazz, 8v1e, gsd8u, 5kdnsx, cgd1o, agj2, g0s3s, sbkp, 9jhe, urbzac,