Later today, a Texas judge is set to launch an auction for the assets of Citgo—the U.S.-based, Venezuela-controlled refiner that became a bargaining chip between Caracas and Washington. For four years, as Reuters wrote in a report over the weekend, the U.S. federal government protected Citgo from its creditors and loss claimants, all of them eager for a piece of the refiner’s pie to cover losses incurred during Venezuela’s nationalization drive during Hugo Chavez’ reign in the 90s.
Those creditors have claims against Citgo’s…Auction For Citgo Assets To Begin This Week
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