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Reuters

ConocoPhillips seeks to keep priority as creditor in Citgo auction

Reuters
Summary
Nutrition label

78% Informative

Citgo is the only asset of PDV Holding , which a U.S. district court in Delaware has found to be liable for Venezuela 's foreign debts.

Citgo in 2019 severed ties with its ultimate parent, Caracas -based state company PDVSA.

18 creditors aim to recover as much as $21.3 billion from the auction set to pay for expropriations and debt defaults by Venezuela .

Conoco has three separate arbitration claims approved by Delaware to be compensated.

VR Score

88

Informative language

92

Neutral language

79

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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