On Thursday, OFAC issued General License 5Q forbidding any transactions involving the debt instrument until March 7, 2025.

The U.S. Treasury Department on Thursday extended a license protecting Venezuela-owned Citgo Petroleum from bondholders to ...

The U.S. Treasury Department on Thursday extended a license protecting Venezuela-owned Citgo Petroleum from bondholders to ...

The Boards of Directors of PDV Holding, Inc., CITGO Holding, Inc., and CITGO Petroleum Corporation (the “Companies”), and ...

Amber Energy has submitted a lower-priced bid for Venezuela's PDV Holding (Citgo's parent company) with a direct payout to creditors, hoping to address their concerns from the initial offer.

The new proposal by affiliate Amber Energy is $2 billion less than its original offer and has a different structure, in an ...

This is a new beginning for us to aim for a win-win situation that benefits both the United States and Venezuela,” stated the Venezuelan leader.

Vitol Group, the world's largest independent oil trader, has submitted an application to acquire PDV Holdings Inc., the parent company of Citgo Petroleum Corp., which is a key foreign asset Venezuela.

An affiliate of Elliott Investment Management put forth an alternative offer to buy oil refiner Citgo Petroleum Corp. in a ...

The US arrested a Turkish national on suspicion of conspiring to violate sanctions on Venezuela oil trading in a scheme to benefit the country’s state energy company, the Department of Justice ...

By mid-2025, Venezuela is expected to have “a new technological company with exporting vocation,” Meléndez announced Venezuelan and Iranian authorities announced this weekend the signing of ...

US Arrests Turk for Allegedly Trying to Break Venezuela Sanctions WASHINGTON (Reuters) - U.S. authorities have arrested a Turkish man who they allege was trying to violate sanctions by ...