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On July 15, Venezuela’s ambassador to the United Nations, Samuel Moncada, warned that Citgo was about to be auctioned off to a private company.
“The betrayal of Venezuelans in the United States. It will end on July 15 when the CITGO auction is held to private companies,” Written in X.
Moncada assures that this is “a robbery of the empire, but what worries the criminals is that it happens before the elections, because this would help Maduro. This is something that is acknowledged by the enemies of Venezuela and their local agents.
Members of Venezuela’s opposition and the board that oversees Citgo Petroleum have held meetings with U.S. officials and lawmakers in an effort to block a court-ordered auction of shares to pay creditors, Reuters reported.
Notably, 18 creditors, including ConocoPhillips, Koch Industries and mining companies Crystallex, Rusoro (RML.V) and Gold Reserve (GRZ.V), are expected to collect claims of about $21.3 billion.
Reuters said Venezuelan opposition members and the board that oversees Citgo will seek a “judicial suspension” of the auction of the refinery’s shares until the results of Venezuela’s presidential election are known.
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