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The battle for Citgo: How Venezuela's opposition leaders seized control

Asdrubal Chavez, chief executive of Houston-based Citgo Petroleum Corp, boarded the Venezuelan-owned firm's corporate jet in Caracas on Jan. 30, after meeting with top officials of the embattled administration of socialist President Nicolas Maduro about the latest U.S. oil sanctions.
Tags: Money, businessNews, Venezuela, Houston, Nicolás Maduro, Caracas, Citgo, Citgo Petroleum Corp, Asdrubal Chavez


Relatives of US oil industry ‘hostages’ in Venezuela make emotional appeal for their release

The six men – five US citizens and one permanent resident, and all employees of Citgo, the US subsidiary of Venezuela’s state-run Petróleos de Venezuela SA (PDVSA) – were detained in November 2017 after being called to Caracas from Houston for a meeting. President Nicolas Maduro went on television to denounce them as “traitors”, saying: “They’re properly behind bars, and they should go to the worst prison in Venezuela.” Asdrubal Chavez, a cousin of the late president, was appointed company’s ne...
Tags: News, US, Venezuela, Houston, Nicolás Maduro, Caracas, Citgo, Asdrubal Chavez, Petroleos de Venezuela SA PDVSA


The battle for Citgo: How Venezuela opposition leaders seized control

Asbrubal Chavez, chief executive of Houston-based Citgo Petroleum Corp, boarded the Venezuelan-owned firm's corporate jet in Caracas on Jan. 30, after meeting with top officials of the embattled administration of socialist President Nicolas Maduro about the latest U.S. oil sanctions.
Tags: Money, businessNews, Venezuela, Houston, Nicolás Maduro, Caracas, Citgo, Citgo Petroleum Corp, Asbrubal Chavez


The Two Venezuelas and Foreign Intervention

Today Venezuela is at an impasse, a term allegedly coined by Voltaire to refer to a situation devoid of exits. It has infinite inflation, four immobilized branches of government, two presidents, and the worst humanitarian crisis to hit the Americas in decades. There is sporadic violence on the streets and in improvised prisons hidden away from YouTube. What today resembles a civil war without weapons could easily escalate into bloodshed. Yet it is foreign powers and not domestic actors that will...
Tags: News, Supreme Court, Obama, Washington, France, Senate, China, Germany, Russia, Americas, Spain, European Union, Syria, Beijing, United States, Nato


Jailed Citgo executives in limbo in Venezuela

Six executives from the Houston-based Citgo oil company, five of them Americans, have spent 15 months jailed in Venezuela on what their families say are trumped-up corruption charges. (Feb. 19)            [Author: AP]
Tags: News, Ap, Venezuela, Houston, Citgo


Jailed Citgo executives in limbo amid Venezuela turmoil

HOUSTON (AP) — A faint voice comes through the crackled phone line. On the other end, Tomeu Vadell, speaking from a military counterintelligence prison in Venezuela’s capital, asks his daughters in Louisiana whether they’ve gone to church and says he plans to spend his Sunday doing pushups to keep his body and spirit intact. The […]
Tags: Business, News, Ap, Nation, Venezuela, Louisiana, Houston, Citgo, Tomeu Vadell


Top Citgo executives removed amid battle to control firm - sources

Citgo Petroleum Corp has removed at least three top executives close to Venezuelan President Nicolas Maduro, people familiar with the matter said on Monday, in a move to cement management control under a new board of directors.
Tags: Money, businessNews, Nicolás Maduro, Citgo, Citgo Petroleum Corp


U.S. Weighs New PDVSA Sanctions as Next Step Against Maduro

The U.S. is also bracing for a possible bankruptcy filing by Citgo Petroleum Corp., an American refiner controlled by PDVSA, according to Representative Michael McCaul of Texas, the top Republican on the House Foreign Affairs Committee, and a person who was briefed by the Trump administration. Citgo has already hired a law firm to help it weigh its strategic options, including potential bankruptcy, Bloomberg News reported last month, though an American official told reporters on Jan. 31 that Ci...
Tags: Texas, News, Venezuela, Trump, Bloomberg News, Maduro, PDVSA, House Foreign Affairs Committee, Michael McCaul, Citgo, Citgo Petroleum Corp


Venezuela opens investigation into opposition-appointed PDVSA directors: prosecutor

CARACAS (Reuters) - Venezuela's chief state prosecutor said on Thursday an investigation had been opened into directors of state-run oil firm PDVSA, and its U.S. refiner Citgo, that the opposition-controlled congress appointed on Wednesday. Prosecutor Tarek Saab, in comments broadcast on state television, announced "the opening of an investigation against people designated illegally as directors of PDVSA and Citgo." Saab also said they would investigate foreign ambassadors named by oppositio...
Tags: Science, Venezuela, Saab, Caracas, PDVSA, Citgo, Reuters Venezuela, Tarek Saab, Juan Guaido


Venezuela's Guaido announces new board for US-based oil subsidiary

Venezuela's opposition leader Juan Guaido took another step Wednesday in an international bid to economically starve President Nicolas Maduro's regime, announcing the appointment of a new board for Citgo, the US-based arm of state oil firm PDVSA. Guaido -- who has been recognized as acting president by more than 50 countries and also heads the opposition-controlled National Assembly legislature, which appointed the new board -- is locked in a battle with Maduro for control of the crisis-hit cou...
Tags: News, US, United States, Venezuela, Donald Trump, Nicolás Maduro, National Assembly, Maduro, PDVSA, Citgo, Juan Guaido, Guaido


Venezuela's Guaido announces new board for key US-based oil subsidiary

Venezuelan opposition leader Juan Guaido Wednesday announced the appointment of a new board for Citgo, the US-based arm of state oil firm PDVSA that until recently was a major source of revenue for President Nicolas Maduro's embattled regime. Guaido -- who has been recognized as acting president by more than 50 countries and also heads the opposition-controlled National Assembly legislature, which appointed the new board -- is locked in a battle with Maduro for control of the crisis-hit country...
Tags: News, US, United States, Venezuela, Donald Trump, Nicolás Maduro, National Assembly, Maduro, PDVSA, Citgo, Juan Guaido, Guaido


Venezuela's Guaido Names PDVSA Board in Haste to Protect Assets

(Bloomberg) -- Venezuela’s National Assembly, led by interim president Juan Guaido, voted to select board members for state oil company Petroleos de Venezuela SA and U.S. refining arm Citgo, as it moves to protect the country’s assets abroad from embattled President Nicolas Maduro.
Tags: News, Venezuela, National Assembly, Citgo, Petroleos de Venezuela SA, Juan Guaido, PDVSA Board, Bloomberg Venezuela


Exclusive: Venezuela's self-declared president Guaido to nominate own Citgo board - sources

The congress chief wants to secure control of the U.S. subsidiary of Venezuelan state-run energy firm PDVSA as he seeks to assemble an interim government. Controlling Citgo and other assets outside Venezuela, especially those that generate revenue, would provide him with much-needed funds.
Tags: Science, Venezuela, PDVSA, Citgo, Guaido


Exclusive: Venezuela's self-declared president Guaido to nominate own Citgo board - sources

Advisers to Venezuela's self-declared president Juan Guaido have proposed he appoint six executives to a transitional board for U.S. refiner Citgo Petroleum Corp, Venezuela's most important foreign asset, four people close to the talks said.
Tags: Money, businessNews, Venezuela, Citgo, Juan Guaido, Guaido, Citgo Petroleum Corp Venezuela


A War for Oil: The US Economic War on Venezuela

A Bridge Too Far It resembled something from a post-apocalyptic setting in a movie: images of the blocked highway bridge linking Colombia to Venezuela, silent and desolate containers behind fences, not a person in sight, no movement. It was like a makeshift monument to a people’s understanding of how “humanitarian aid” is used by empire […]
Tags: US, Colombia, Anthropology, Venezuela, Sanctions, Nicolás Maduro, Imperialism, Coup, Humanitarian Aid, PDVSA, Citgo, Destabilization, Humanitarian Imperialism, Regime Change, Democracy Promotion, Humanitarian Abduction


Exclusive: Venezuelan Guaido's team to nominate its own Citgo board - sources

The opposition leader and self-proclaimed president wants to secure control of the U.S. subsidiary of Venezuelan state-run PDVSA to finance his interim government. The U.S. and dozens of other nations have refused to recognize Nicolas Maduro as president, viewing his election last year to a second six-year term as fraudulent.
Tags: Science, Nicolás Maduro, PDVSA, Citgo


Exclusive: Venezuelan Guaido's team to nominate its own Citgo board - sources

Advisers to Venezuelan Congress head Juan Guaido have proposed appointing executives Luisa Palacios, Angel Olmeta, Luis Urdaneta and Edgar Rincon to a transitional board for U.S. refiner Citgo Petroleum Corp, people close to the talks said on Tuesday.
Tags: Money, businessNews, Citgo, Citgo Petroleum Corp, Juan Guaido, Venezuelan congress, Luisa Palacios Angel Olmeta Luis Urdaneta, Edgar Rincon


Exclusive: Venezuelan Juan Guaido's team prepares to nominate its own Citgo board - sources

(Reuters) - Advisers to Venezuelan Congress head Juan Guaido have proposed appointing executives Luisa Palacios, Angel Olmeta, Luis Urdaneta and Edgar Rincon to a transitional board for U.S. refiner Citgo Petroleum Corp, people close to the talks said on Tuesday.
Tags: Science, Citgo, Citgo Petroleum Corp, Juan Guaido, Reuters Advisers to Venezuelan Congress, Luisa Palacios Angel Olmeta Luis Urdaneta, Edgar Rincon


Exclusive: Venezuelan Juan Guaido's team prepares to nominate its own Citgo board - sources

Advisers to Venezuelan Congress head Juan Guaido have proposed appointing executives Luisa Palacios, Angel Olmeta, Luis Urdaneta and Edgar Rincon to a transitional board for U.S. refiner Citgo Petroleum Corp, people close to the talks said on Tuesday.
Tags: Money, businessNews, Citgo, Citgo Petroleum Corp, Juan Guaido, Venezuelan congress, Luisa Palacios Angel Olmeta Luis Urdaneta, Edgar Rincon


Exclusive: Venezuela moves to replace U.S. executives on Citgo board - sources

Venezuelan state-run oil company PDVSA is taking steps to remove at least two American executives from the board of directors of its U.S. refining subsidiary, Citgo Petroleum Corp, according to people close to the matter.
Tags: Money, businessNews, Venezuela, PDVSA, Citgo, Citgo Petroleum Corp


Exclusive: Venezuela moves to replace U.S. executives on Citgo board - sources

Citgo is facing unprecedented challenges to its finances and management after the U.S. government last week imposed tough sanctions on Petroleos de Venezuela [PDVSA.UL] designed to prevent oil revenue from going to leftist President Nicolas Maduro. The United States and dozens of other nations have refused to recognize Maduro, viewing his reelection last year to another six-year term as fraudulent.
Tags: Science, United States, Venezuela, Nicolás Maduro, Maduro, Citgo, Petroleos de Venezuela


US refiner Citgo emerges as key to Venezuela's power battle

The U.S. and dozens of other countries may have declared that Nicolas Maduro is no longer the legitimate president of Venezuela, but that has not loosened his grip on power.
Tags: Finance, US, Article, Venezuela, Associated Press, Nicolás Maduro, FBN, Citgo, Fbn/markets, Fox-business/markets, Fox-business/industries/energy, Fox-business/features, ALEXANDRA OLSON, Def75004-61d6-567e-b9fb-3a04481be6e4


Venezuelan opposition readies U.S. fund to receive oil revenue

The fund would receive income accrued by state-run oil firm PDVSA's U.S. unit Citgo Petroleum Corp since last month, when U.S. President Donald Trump recognized opposition leader Juan Guaido as Venezuela's legitimate head of state, Carlos Paparoni said in an interview. Citgo, the eighth-largest U.S. refiner and Venezuela's top foreign asset, is in the middle of a tug of war as the Trump administration has made aggressive moves to remove it from Maduro's control. Following a U.S. decision to im...
Tags: News, Venezuela, Donald Trump, Trump, Maduro, Citgo, Carlos Paparoni, Citgo Petroleum Corp, Juan Guaido, Guaido, PDVSA s U S


Jailed Citgo executives seek U.S. help to win their release

Jose Luis Zambrano, Alirio Zambrano, Jorge Toledo, Tomeu Vadell and Gustavo Cardenas, all former vice presidents of the Houston-based company and most of them U.S. citizens, along with former Citgo President Jose Pereira were arrested in November 2017 after being called into a meeting at the Caracas office of parent company Petróleos de Venezuela, S.A., known as PDVSA. "They have robbed them of due process and their right to a timely trial," a group of 13 family members and lawyers said in an o...
Tags: Science, Houston, Caracas, Citgo, Jose Pereira, Gustavo Cardenas, Petróleos de Venezuela S


Venezuela's Citgo denies report it is weighing bankruptcy

U.S. refiner Citgo, owned by Venezuelan state oil firm PDVSA, denied a report on Thursday that it was considering filing for bankruptcy in the United States amid a row between the Trump administration and Venezuela's leftist government.
Tags: Money, businessNews, United States, Venezuela, Trump, PDVSA, Citgo


Venezuela's Citgo weighs bankruptcy - WSJ

Venezuela's most important foreign asset Citgo Petroleum Corp is considering options, including bankruptcy filing in the United States, amid a row between the Trump administration and the country's leftist government, the Wall Street Journal reported.
Tags: Money, businessNews, United States, Venezuela, Wall Street Journal, WSJ, Trump, Citgo, Citgo Petroleum Corp


Tug-of-war: U.S. refiner Citgo caught in Venezuela political upheaval

Citgo Petroleum Corp, the eighth largest U.S. refiner and Venezuela's top foreign asset, is in the middle of a tug-of-war as the Trump administration tries to use the company as leverage to topple Venezuelan President Nicolas Maduro.
Tags: Money, businessNews, Venezuela, Trump, Citgo, Citgo Petroleum Corp


U.S. oil moves against Venezuela, Citgo are illegal: Russia

Russia's foreign ministry says U.S. sanctions on Venezuela's state oil firm, PDVSA, violate international law. PDVSA is the parent company of Citgo, which owns refineries and gas stations across the United States. Rough cut (no reporter naration)
Tags: News, Russia, United States, Venezuela, PDVSA, Citgo, Venezuela Citgo


Maduro hits out at US over sanctions on Venezuelan state oil firm

Nicolas Maduro, Venezuela's president, has hit out at the US after the Trump administration imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA. The move is aimed at severely curbing the OPEC member's crude exports to the United States and at pressuring the socialist leader to step down. Minutes before the announcement, Juan Guaido, the Venezuelan opposition leader who proclaimed himself interim president last week with US backing, said congress would name new boards of d...
Tags: News, White House, China, Russia, US, Opec, Ap, United States, United Nations, Treasury, Venezuela, Bolton, Donald Trump, Chevron, Gulf, Trump


Venezuela's Guaido aims at control of PDVSA, Citgo as U.S. imposes sanctions

Venezuelan opposition leader and self-proclaimed president Juan Guaido ordered congress on Monday to appoint new boards of directors to state oil company PDVSA and U.S. subsidiary Citgo, shortly before the United States imposed sanctions on the firm.
Tags: Money, businessNews, United States, Venezuela, PDVSA, Citgo, PDVSA Citgo, Juan Guaido