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HOUSTON (Reuters) -A U.S. court set Oct. 23 as the start date for a long-expected auction of shares in Venezuela-owned refiner Citgo Petroleum's parent to pay creditors with judgments against the South American nation. The sale process lays out a schedule that could lead to formal approval of any sale of shares in PDV Holding, a U.S.-based unit of state company Petróleos de Venezuela, a year from now. U.S. Judge Leonard Stark in Delaware this week accepted a recommendation by a court official in charge of organizing the auction.

The U.S. on Wednesday approved a three-month extension to a license protecting Citgo Petroleum from creditors seeking to seize the oil refiner's assets. The document comes as a...

VANCOUVER, BC, July 10, 2023 /CNW/ - Rusoro Mining Ltd. (TSXV:RML) (the "Company" or "Rusoro") is pleased to announce that it has achieved a significant appellate victory in proceedings to enforce an

Rusoro Mining Ltd. is pleased to announce that it has achieved a significant appellate victory in proceedings to enforce an arbitration award it obtained against the Republic of Venezuela arising out of Venezuela's expropriation of Rusoro's gold... - Veroeffentlicht am 11.07.2023

The US-backed opposition has faced accusations of malpractice and collusion over its handling of Venezuelan foreign assets.