US Extends License Protecting Citgo From Creditors to March 2025

By Daphne Psaledakis and Marianna Parraga WASHINGTON/HOUSTON, Nov 7 (Reuters) – The U.S. Treasury Department on Thursday extended a license protecting Venezuela-owned Citgo Petroleum from bondholders to March 2025, a key decision amid a seven-year-long legal case in which the refiner’s parent might be auctioned to pay creditors. Citgo’s parent, PDV Holding, was found liable … Read more