The fate of US refiner Citgo Petroleum remains in limbo following a federal court ruling late Jan. 14 that reaffirms the eventual auction of shares of Citgo’s Venezuelan holding company. Receive daily email alerts, subscriber notes & personalize your experience. Register Now US District Judge Leonard Stark in Delaware dismissed Venezuela’s motion to delay the sale of Citgo shares to one of its creditors, Crystallex International, a now-defunct Canadian mining firm. The ruling further helps open the door for Crystallex or other Venezuelan creditors that have won arbitration awards, such as ConocoPhillips, to make claims for Citgo, which is Venezuela’s state-owned oil company’s most valuable international asset. However, the Trump administration has long sought to delay such an […]