Venezuela’s state-owned oil company PDVSA is leveraging the sale of its Citgo Petroleum Corp refining assets to obstruct ConocoPhillips from obtaining a pending arbitration award, as stated by the U.S. oil firm in a Texas court filing.
Evidence suggests PDVSA is liquidating its Citgo holdings “to transfer the money from the United States to Venezuela or other places with the intent to obstruct, delay, or deceive its creditors,” Conoco remarked on Monday in a petition seeking court approval to probe this allegation.
However, as is often the case, the major news service did not bother to publish the filing. So here it is, free of charge. If you’d like to help support independent journalism that provides original documents instead of making you hunt for them, the “donate” button is on the right over there.