The supervisory boards of Venezuela-owned Citgo Petroleum, racing to stave off a breakup of the eighth-largest U.S. oil refiner, have held talks with U.S. officials in Bogota, Colombia, seeking to extend Washington’s protection while Citgo pursues negotiations with creditors, Reuters has learned. Citgo is running out of time to achieve agreements to remain in Venezuelan hands. The refiner is caught between infighting among political groups that control its boards and a U.S. federal court that is ready to begin a forced auction as early as next month. During the Bogota talks, which have not been publicly disclosed, Venezuelan representatives raised the need for extending Citgo’s protection. U.S. officials then requested a formal strategy for managing Venezuela’s foreign assets in the coming year, three people familiar with the meeting said. […]