Venezuela rejects auction process that could lead to Citgo breakup ...Middle East

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Venezuela rejects auction process that could lead to Citgo breakup
source : Devdiscourse ( Middle East ) () 37
Negotiators and officials representing Venezuela are opposing a court-ordered auction of shares in a parent of oil refiner Citgo Petroleum to pay creditors claiming more than $10 billion from expropriations and debt defaults. Some 20 creditors with arbitration awards or lawsuits against Venezuela and its state oil company PDVSA on Monday asked a federal court in Delaware to register their cases so they can participate in the October-scheduled auction. The auction puts priority on when claims were filed.

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