May 01, 2023
The federal judge overseeing efforts by Venezuela's creditors to obtain a stake in Citgo is letting that litigation move forward amid a challenge from Venezuela's state-owned petroleum company, a crucial decision with the Biden administration close to approving a Citgo auction.
July 14, 2022
ConocoPhillips has urged the U.S. District Court in Delaware to approve an attachment order aimed at Venezuelan state-owned company shares of Citgo, arguing that approval would position a $48 million judgment for triggering when federal officials authorize the move or clear away prohibiting sanctions.
June 30, 2022
PDVSA is asking a Delaware court to toss or stay litigation filed by ConocoPhillips targeting the Venezuelan state-owned company's shares in Citgo, pointing to an ongoing appeal that's set to resolve a thorny issue relating to U.S. sanctions that's arisen in several other related cases.