Florida Congresswoman Asks Rubio to Stop Auction of Citgo Assets
By Bloomberg News
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US Representative Maria Elvira Salazar is pressing the Trump administration to block the forced sale of Venezuela's largest foreign asset, warning the move could undercut efforts to rebuild the nation when President Nicolas Maduro's regime eventually ends.
At the center of the dispute is Citgo Petroleum Corp., a network of US-based refineries, lubricant plants and pipelines managed by Venezuela's opposition. Its parent company, PDV Holding — a subsidiary of Venezuela's state-owned oil firm — is being auctioned off in a federal court in Delaware to satisfy more than $20 billion in claims by creditors including Crystallex and ConocoPhillips.
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