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SheltieLover

(76,923 posts)
Tue Jan 6, 2026, 07:29 AM Tuesday

I wonder how the recent court approval of Chevron forced sale factors into this mess?

https://www.houstonpublicmedia.org/articles/news/business/2025/12/02/537526/judge-approves-sale-of-citgo-to-amber-energy/#:~:text=Amber%20Energy%2C%20an%20affiliate%20of,a%20years%2Dlong%20legal%20saga.

Venezuela’s Vice President and Oil Minister Delcy Rodriguez said the country rejects Citgo’s sale and filed an appeal in the court case, according to Reuters.

Investment Management L.P., will acquire Citgo for nearly $5.9 billion.
A judge has approved the sale of Citgo, a Houston-based petroleum company, to Amber Energy following a years-long legal saga.

A court previously found that Citgo's shares could be auctioned to pay off the debts that its state-owned parent company – Petroleos de Venezuela – owed to a Canadian mining company.

J.P. Duffy is an international arbitration partner at the Houston-based law firm Bracewell. He said the Venezuelan government faced mounting debts, as the country grappled with falling oil prices and political instability.

More at link.

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I wonder how the recent court approval of Chevron forced sale factors into this mess? (Original Post) SheltieLover Tuesday OP
Kick dalton99a Tuesday #1
Thx! SheltieLover Tuesday #4
Good catch jmbar2 Tuesday #2
Ty! SheltieLover Tuesday #5
Oil and corruption and violence Easterncedar Tuesday #3
I'm sure J.D. is applauding from hell SheltieLover Tuesday #6
Starting a little research... Clouds Passing Tuesday #7
Pls let us know what you find. SheltieLover Tuesday #8
And you never should, with this kleptocracy! highplainsdem Tuesday #9
Absolutely! SheltieLover Tuesday #10

jmbar2

(7,657 posts)
2. Good catch
Tue Jan 6, 2026, 08:00 AM
Tuesday

A major thread to this debacle runs through the Houston oil patch. Thanks for finding this. Keep us posted.

SheltieLover

(76,923 posts)
10. Absolutely!
Tue Jan 6, 2026, 10:29 AM
Tuesday

Everything is transactional.

Funny, this is the only news source on this forced sale. 🤔

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