Citgo Refineries at Risk After U.S. Court Decision | NYGazet

A U.S. federal judge has ruled that defaulted bonds issued by Venezuela’s state oil company PDVSA in 2016 remain valid, strengthening creditors’ claims on its U.S. refining subsidiary Citgo.

A U.S. federal judge has ruled that defaulted bonds issued by Venezuela’s state oil company PDVSA in 2016 remain valid, strengthening creditors’ claims on Citgo, the company’s prized U.S. refining subsidiary, Reuters reported. U.S. District Judge Kat... [1883 chars]