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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI 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.Venezuelas Vice President and Oil Minister Delcy Rodriguez said the country rejects Citgos 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
dalton99a
(92,184 posts)1. Kick
jmbar2
(7,657 posts)2. Good catch
A major thread to this debacle runs through the Houston oil patch. Thanks for finding this. Keep us posted.
Easterncedar
(5,545 posts)3. Oil and corruption and violence
Inevitable
SheltieLover
(76,923 posts)6. I'm sure J.D. is applauding from hell
Clouds Passing
(7,049 posts)7. Starting a little research...
SheltieLover
(76,923 posts)8. Pls let us know what you find.
I do not believe in coincidences.
highplainsdem
(60,102 posts)9. And you never should, with this kleptocracy!
SheltieLover
(76,923 posts)10. Absolutely!
Everything is transactional.
Funny, this is the only news source on this forced sale. 🤔