The US Department of the Treasury on July 15 again extended for three months an order preventing creditors of Venezuela’s state-owned oil company PDVSA from taking control of US refiner Citgo as a result of missed payments on its 2020 bonds. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The license, which was set to expire July 22, now runs until October 20, Treasury said. PDVSA missed a key payment on the 8.5% bonds in October 2019, setting up the possibility of losing US refiner Citgo, its most valuable overseas asset. In several lawsuits working their way through US courts, Venezuela’s creditors have tried to collect on old debts by seizing Citgo assets. In November, […]