VENEZUELAN President Nicolas Maduro yesterday accused US President Joe Biden’s government of “looting” over the proposed sale of Caracas’s most valuable overseas asset, oil refiner Citgo.
A court in the US state of Delaware ruled that shares of Citgo, a subsidiary of Venezuelan state oil company PDVSA, can be sold to pay off its creditors, with the US Treasury Department’s Office of Foreign Assets Control endorsing the move on Monday.