Highlights Prevents bond holders from seizing US refining assets Platts Analytics sees new risks to Venezuelan oil output The US Treasury Department has extended for three months an order blocking 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. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The order, which was set to expire July 21, now runs until Oct. 21, the Office of Foreign Assets Control said in a general license under its Venezuelan sanctions regulations. The move shows a continuity of sanctions enforcement from the former Trump administration, although many analysts expect the Biden administration to eventually grant Venezuela some relief on humanitarian grounds. PDVSA missed a key payment on the 8.5% bonds in October 2019, which opened the possibility of it losing US refiner Citgo, […]