Post #2193

📰 NEWS | US Judge Authorizes Sale of Venezuela’s CITGO to Vulture Fund Elliott Venezuela is set to lose its most important foreign asset after a protracted legal process in which the US-backed opposition faced accusations of malfeasance. Delaware District Judge Leonard P. Stark has approved the US $5.9 billion sale of CITGO to Amber Energy, an Elliott Management affiliate, concluding the court-mandated auction launched in 2022. The proceeds will be distributed on a “first come, first served” basis. Crystallex, ConocoPhillips, Rusoro Mining and other corporations are expected to receive full compensation on their claims. Read the full report here 👉🏾https://shorturl.at/aqgOr #Citgo