Conoco Seeks Citgo Priority
This is a Delaware news story, published by Yahoo Finance, that relates primarily to PDV Holding news.
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Citgo Holding sharesReuters
•ConocoPhillips seeks to keep priority as creditor in Citgo auction
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.
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