Venezuelanalysis

📰 NEWS | Venezuela: Trump Administration Lifts Sanctions on Acting President Rodríguez The US Treasury Department has removed Venezuelan Acting President Delcy Rodríguez from its Special Designated Nationals list. The Trump administration's move paves the way for US entities to engage directly with the acting Rodríguez government. Decisions regarding control of Venezuelan assets and debt renegotiation may soon follow. Click to read the full story: https://venezuelanalysis.com/news/venezuela-trump-administration-lifts-sanctions-on-acting-president-rodriguez/ #Venezuela#Sanctions#ForeignDebt#CITGO

📰 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

📰 NEWS | Venezuela: Delaware Judge Dismisses Disqualifying Motions Ahead of CITGO Sale Ruling Delaware Judge Leonard P. Stark dismissed motions seeking his removal, as well as that of Special Master Robert B. Pincus and the advisory firms involved in the CITGO auction. Gold Reserve’s request for a stay was also rejected. The decision maintains Amber Energy as the favored bidder. Stark is expected to rule on objections to the Amber bid before the end of November, setting the stage for a potential takeover of CITGO in the first half of 2026. Read the full report here 👉🏾https://shorturl.at/mpWqF #Citgo

📰NEWS | Venezuela: Court-Mandated CITGO Sale Edges Closer to Completion as Judge Backs Elliott Bid Delaware court backs Amber Energy’s $8B bid for CITGO. Amber will sign a binding agreement outlining the transfer of ownership of Venezuela’s US-based refiner. The sale awaits US approval and may not close before 2026. 👉🏽 Read the full report here: https://venezuelanalysis.com/news/venezuela-court-mandated-citgo-sale-edges-closer-to-completion-as-judge-backs-elliott-bid/ #CITGO

📰 NEWS | Court Official Endorses Elliott Management Over Gold Reserve in Mandated Sale of Venezuela’s CITGO Vulture fund Elliott Management is in pole position to acquire Venezuela's US-based refiner CITGO after its bid was recommended by the auction's "special master." Canadian miner Gold Reserve has vowed to "vigorously object." The sale hearing is scheduled for September 15. 🔗 Read the full report: https://venezuelanalysis.com/news/court-official-endorses-elliott-management-over-gold-reserve-in-mandated-sale-of-venezuelas-citgo/ #CITGO#VultureFunds#GoldReserve#Sanctions

📰 NEWS | Venezuela: CITGO Court-Mandated Sale in Upheaval Following Last Minute Bids The court-ordered sale of CITGO has taken a turn after late bids from Vitol ($8.5B) and Elliott Management ($8.8B) surpassed the $7.4B offer from Gold Reserve recommended by court-appointed Special Master Robert B. Pincus. The Delaware auction, initiated to satisfy creditor claims, has Crystallex, Tidewater, ConocoPhillips, and O-I Glass first in line. Both new bids could cover more claims and include settlements with PDVSA 2020 bondholders. Judge Leonard P. Stark will decide on a revised schedule this Friday. 🔗 Read the full report here: https://shorturl.at/SMCmn #CITGO

📰 NEWS | Gold Reserve $7.4B Bid Picked as Preliminary Winner of Auction for Venezuela’s CITGO Canadian mining firm Gold Reserve has been selected as the preliminary winner in the Delaware court-ordered sale of CITGO’s parent company, PDV Holding. Its $7.38 billion offer, supported by major banks and creditors, was deemed the highest bid meeting court requirements. The proposal could settle 11 of 15 accepted claims, including those by Crystallex, ConocoPhillips, and others. Judge Leonard Stark will review the bid ahead of a final hearing set for August 18. 🔗 Read the full report here: https://shorturl.at/qrWmW #Citgo

📰 NEWS | Venezuela: Delaware Court Extends CITGO Bidding Deadline as New Suitors Emerge A Delaware court has pushed the CITGO bidding deadline to June 18 as new suitors, including Gold Reserve and Vitol, submitted offers. The final sale hearing is set for July 22. Meanwhile, Florida Rep. María Elvira Salazar urged the Trump administration to block the 'forced sale' to retain control of the asset through the US-backed Venezuelan opposition. 🔗 Read the full report here: https://venezuelanalysis.com/news/venezuela-delaware-court-extends-citgo-bidding-deadline-as-new-suitors-emerge/ #CITGO

📰 NEWS | Venezuela: CITGO Auction Enters Final Stage as Court Picks ‘Stalking Horse’ Offer The Delaware court has approved a $3.7 billion stalking horse bid from Red Tree Investments for the U.S.-based refiner CITGO. The move sets a floor price in the auction aimed at addressing $21.3 billion in creditor claims against Venezuela. The decision prioritized Red Tree’s proposed settlement with PDVSA 2020 bondholders, despite a higher $7.1 billion bid from a creditor consortium. A final sale hearing is scheduled for July. 🗞️ Full report via: https://shorturl.at/NVK2v #Citgo

📊 INFOGRAPHICS | A combination of US aggression and Venezuelan opposition incompetence/collusion condemned the Caribbean nation to lose its most valued foreign asset: CITGO. A Delaware court auction of the company’s shares to repay a list of creditors is underway, with a final resolution expected in mid-2025. This interactive infographic retraces how Venezuela’s US-based refiner got to this point, the key events and the debts involved. Click here: https://venezuelanalysis.com/infographics/15726/ #CITGO#Sanctions#Refinery#Venezuela

The fight over CITGO intensifies as the Delaware auction restarts amid low bids, creditor disputes, and parallel lawsuits. Behind the corporate scramble lies a deeper story of US sanctions and opposition mismanagement, threatening what Venezuela calls the ‘theft of the century.’ Watch the full video to learn more! #venezuela#citgo#sanctions#ussanctions

The revamped CITGO bidding process could lead to a final sale of Venezuela’s most prized foreign asset in mid-2025. At the same time, parallel lawsuits could affect the auction as an added risk for potential buyers. Read the report: https://venezuelanalysis.com/news/venezuela-citgo-auction-judge-orders-bidding-restart-greenlights-parallel-lawsuits/ #CITGO#Auction#Delaware#Venezuela