{"id":493224,"date":"2025-12-02T14:44:24","date_gmt":"2025-12-02T18:44:24","guid":{"rendered":"https:\/\/deultimominuto.net\/en\/uncategorized\/venezuela-rejects-the-forced-sale-of-citgo-and-calls-it-a-vulgar-dispossession\/"},"modified":"2025-12-02T14:44:24","modified_gmt":"2025-12-02T18:44:24","slug":"venezuela-rejects-the-forced-sale-of-citgo-and-calls-it-a-vulgar-dispossession","status":"publish","type":"post","link":"https:\/\/deultimominuto.com\/en\/uncategorized\/venezuela-rejects-the-forced-sale-of-citgo-and-calls-it-a-vulgar-dispossession\/","title":{"rendered":"Venezuela rejects the “forced sale” of Citgo and calls it a “vulgar dispossession”"},"content":{"rendered":"The Government of Venezuela<\/a> rejected this Tuesday the “forced sale” of the oil company Citgo, a subsidiary of the state-owned Pdvsa in US territory, following the decision made by a court in that country and described this operation as a “vulgar and barbaric dispossession” of a Venezuelan asset, according to a statement read in Caracas by the executive vice president, Delcy Rodr\u00edguez.\n\nIn an address broadcast by the state-owned channel Venezolana de Televisi\u00f3n (VTV), the also Minister of Hydrocarbons indicated that this decision was executed by the authorities of the United States to the “detriment of the interests of Venezuela and its entities”.\n\n“The Citgo company is a valuable asset of Petr\u00f3leos de Venezuela (Pdvsa), which the United States Government intends to plunder, under the instrumentalization of a procedure clearly contrary to law,” he added.\n\n\n

You can also read:<\/strong> Interior and Police and Metaldom destroy 3,945 weapons to prevent them from returning to the streets<\/a><\/p>\n\n\nFurthermore, he denounced that Nicol\u00e1s Maduro’s Executive was excluded from the judicial process, “thanks -he maintained- to the influence peddling of the US Government over the courts of that country”.\n\n“Venezuela reiterates that it does not recognize nor will it recognize the forced sale of Citgo, carried out in flagrant disregard of economic guarantees and freedoms, due process, and the right to defense guaranteed by any civilized nation,” stated the executive vice president.\n\nThe official accused opponents Mar\u00eda Corina Machado, Edmundo Gonz\u00e1lez Urrutia, Juan Guaid\u00f3, Carlos Vecchio, Jos\u00e9 Ignacio Hern\u00e1ndez and the so-called National Assembly of 2015 of “usurping” the representation of Venezuela abroad.\n\nThe Venezuelan government, it continued, will continue to adopt all measures at its disposal to ensure that the “promoters and executors of Citgo” answer to the Justice and the corresponding civil and criminal responsibilities are imposed.\n\nRodr\u00edguez indicated that Citgo is worth 12 billion dollars and generates annually, he added, between 4 and 5 billion dollars.\n\nCitgo is a US-based refinery headquartered in Texas, which was acquired by Venezuela in the nineties and was for a long time one of the most important assets of the South American country.\n\nLast week, a federal judge in Delaware, United States, approved the purchase of Citgo, in an auction organized by the court to pay creditors of the Venezuelan State.\n\nThe accepted offer was from Amber Energy, a subsidiary of the American investment fund Elliott Investment Management, for $5.9 billion.\n\nAt the moment, the sale requires approval from the Office of Foreign Assets Control (OFAC) of the United States Department of the Treasury.\n\nCitgo and its parent companies, according to media reports, are appealing the outcome of the auction and the sale order, so there is some uncertainty about the acquisition of the oil company.\n\nIn 2019 and after the endorsement of the U.S., the Venezuelan opposition then led by Juan Guaid\u00f3 took control of Citgo, and since then fought to stop the possible actions of the creditors who hold Pdvsa bonds.","protected":false},"excerpt":{"rendered":"

The Government of Venezuela rejected this Tuesday the “forced sale” of the oil company Citgo, a subsidiary of the state-owned Pdvsa in US territory, following the decision made by a court in that country and described this operation as a “vulgar and barbaric dispossession” of a Venezuelan asset, according to a statement read in Caracas […]<\/p>\n","protected":false},"author":133537,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[1],"tags":[],"class_list":["post-493224","post","type-post","status-publish","format-standard","category-uncategorized"],"acf":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/phj1q1-24je","jetpack_featured_media_url":"","dum_api":{"author_name":"Paola Castillo","author_image":"https:\/\/deultimominuto.com\/wp-content\/uploads\/2025\/10\/cropped-paola-castillo-f-96x96.jpg","categories_name":["Uncategorized"],"featured_media_url":null},"_links":{"self":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts\/493224","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/users\/133537"}],"replies":[{"embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/comments?post=493224"}],"version-history":[{"count":0,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/posts\/493224\/revisions"}],"wp:attachment":[{"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/media?parent=493224"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/categories?post=493224"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deultimominuto.com\/en\/wp-json\/wp\/v2\/tags?post=493224"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}