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The Latest Breaking News from Citgo

Venezuela owes over $20 million to law firms on guarding overseas assets

Venezuela owes $20.7 million to U.S. law firms handling litigation against creditors seeking to collect unpaid debts from bond defaults and nationalizations carried out more than 15 years ago, according to a document seen by Reuters.

Reuters · Jan 6, 2023

Venezuela opposition appoints three exiled lawmakers to leadership

Venezuela's opposition national assembly on Thursday appointed three exiled lawmakers to direct it and create a commission to control foreign assets, including oil refiner Citgo Petroleum.

Reuters · Jan 5, 2023

Venezuela foreign assets will not pass to Maduro -opposition

Opposition lawmakers in Venezuela seeking the removal of Juan Guaido as the country's interim president said on Thursday that foreign assets will not pass to the government of President Nicolas Maduro if Guaido is removed from his post.

Reuters · Dec 29, 2022

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Venezuelan opposition is about to oust Guaidó from leadership. It’s a mistake, observers warn

A majority bloc of the Venezuelan opposition is preparing to dissolve the so-called interim government of opposition leader Juan Guaidó, in a controversial move described as a logical step by some, but that others see as an error that will end up benefiting the Nicolas Maduro regime.

Miami Herald · Dec 29, 2022

Venezuela opposition vote to remove Guaido's interim government

Venezuela's political opposition to the ruling Socialists voted on Thursday by a wide margin to remove the interim government led by Juan Guaido, as they seek a united front ahead of presidential elections tentatively scheduled for 2024.

Reuters · Dec 22, 2022

Venezuela opposition weighs overhauling 'interim government'

A group of opponents of Venezuelan President Nicolas Maduro is looking to strip Juan Guaidó of his authority as the internationally recognized head of the country's so-called interim government

The Independent UK · Dec 22, 2022

Venezuela opposition seeks Guaido ousting, control of Citgo

Venezuelan opposition parties are seeking to block Juan Guaido's interim government from extending its mandate by another year and gain control of boards supervising Citgo Petroleum, the country's most important asset abroad, spokespeople from the main opposition parties said on Wednesday.

Reuters · Dec 21, 2022

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Venezuela opposition seeks to protect billions in humanitarian funds from creditors -sources

Venezuelan opposition parties are seeking to protect billions of dollars in UN administered humanitarian funds from foreign creditors by keeping the details of their release confidential, according to five people with knowledge of the efforts.

Reuters · Dec 7, 2022

New claims against ex Miami congressman hired by Venezuela

New filings in a civil suit allege that a former Miami congressman who signed a $50 million consulting contract with Venezuela’s socialist government not only did no apparent work, but also channeled a large chunk of the money to a yacht company on behalf of a fugitive billionaire

The Independent UK · Aug 20, 2022

Authorities identify 14-year-old killed in North Chicago shootout

The teen exchanged gunfire with several occupants of a car at a Citgo parking lot in the 1000 block of Jackson Street on Sunday, police say.

Chicago Sun-Times · May 16, 2022

After shooting nearby, gas station remains closed, and owner wants to know why

Gas station co-owner Ahmed Mohsin said he has “a closed business and questions I cannot answer.” A business group is calling attention to the issue of city-mandated closings of stores owned by Muslims and Arab Americans, ostensibly due to crime.

Chicago Sun-Times · May 7, 2022

Ex-Fla. Congressman David Rivera diverted $13 million from Venezuelan deal to convicted drug trafficker, others

MIAMI — As Venezuela’s economy was crashing in 2017, the country’s state-owned oil company hired former U.S. Rep. David Rivera for a costly public relations campaign to improve the tarnished image of the Venezuelan firm in the United States.

Miami Herald · Apr 22, 2022

Venezuela releases two Americans in effort to improve relations amid energy crisis

Citgo’s Gustavo Cárdenas and Jorge Fernández released Tuesday while US representatives visited Caracas over the weekend

The Guardian - US · Mar 9, 2022

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