US Treasury extends Venezuela order blocking potential Citgo seizure through January

摘要

Washington-The US Department of the Treasury on Oct.6 again extended for three months an order preventing creditors of Venezuela's state-owned oil company PDVSA from taking control of US refiner Citgo as a result of missed payments on its 2020 bonds.The license,which was set to expire Oct.20,now runs until Jan.19,the day before the US presidential inauguration.PDVSA missed a key payment on the 8.5% bonds in October 2019,setting up the possibility of losing US refiner Citgo,its most valuable overseas asset.