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The Times of India

Business / The Times of India

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US court challenge to 'forced sale' of Venezuela oil company

Representatives of Venezuela's state oil company PDVSA said Tuesday they had appealed the US-forced sale of its prized Houston-based subsidiary Citgo to pay off creditors. Citgo is in the crosshairs of creditors seeking the settlement of debts in excess of $20 billion that cash-strapped Caracas has been unable or unwilling to pay.

14 Jan 2026 7:02 am