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Venezuela Denounces U.S. Court’s Decision Authorizing Sales of Citgo Shares

RIO DE JANEIRO, BRAZIL - The Venezuelan government rejected a recent decision by a U.S. court that authorized the sale of shares of Citgo, a subsidiary of state-owned Petroleos de Venezuela (PDVSA) to satisfy creditors of Venezuela, calling it "procedural fraud."

Citgo Petroleum Corporation is a United States-based refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. Headquartered in Houston, Texas, it is majority-owned by PDVSA.

"Venezuela denounces and deeply rejects the actions of the government of Donald Trump, in complicity with a stronghold of Venezuelan extremists who, acting in collusion, have committed . . .

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