Caracas, Dec 2, 2025 (AFP) - Venezuela denounces US-ordered 'forced sale' of oil company

NAMPA / AFP

2025-12-02

Venezuela on Tuesday denounced what it called the "forced sale" of its most valuable overseas asset, oil company Citgo, after a US court authorized the transaction to pay off creditors. Citgo, a Houston-based subsidiary of Venezuela's PDVSA state oil company, is in the crosshairs of creditors seeking the settlement of debts in excess of $20 billion that cash-strapped Caracas has been unable or unwilling to pay. Last week, a Delaware court authori......

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Law & Politics

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