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Venezuela Will Challenge $5.9B Sale Of Citgo Parent

By Alex Wittenberg ( December 1, 2025, 4:37 PM EST) -- Venezuela, the country's state-owned oil company and others have appealed a Delaware federal judge's order approving the $5.89 billion sale of Citgo Petroleum's parent company to an affiliate of hedge fund Elliott Investment Management LP, potentially delaying the long-awaited sale of Venezuela's most significant seizable asset....

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