Hafar1014
Diamond Member
- Sep 1, 2010
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AI Overview
View attachment 1154758
Citgo Petroleum is a U.S.-based refiner, marketer, and transporter of fuel and other products, which was a key asset of Venezuela's state-owned oil company, PDVSA. Venezuela lost Citgo to a court-ordered auction in 2024 to pay off creditors after years of financial mismanagement and defaults. The sale is being contested by Venezuela but remains a focal point in the ongoing legal and economic fallout of the country's crisis.

