Citgo ofac

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August undefined, 2024

WebAug 6, 2024 · Venezuela's opposition on Tuesday celebrated a sweeping U.S. sanctions order against the government of President Nicolas Maduro, saying the measure would protect Venezuela-owned U.S.-based refiner ... WebFeb 20, 2024 · I. CITGO . SDN Designation: CITGO is an SDN by virtue of being wholly owned by PdVSA. However, concurrent with PdVSA’s SDN designation, OFAC issued …

US Judge Approves Venezuela’s CITGO Auction Process

WebVenezuela Sanctions. On January 28th, OFAC designated Petroleos de Venezuela S.A., which is Venezuela’s national oil and natural gas company. The PdVSA, as it is known, was placed on OFAC’s Specially Designated Nationals and Blocked Persons List, or the SDN List, pursuant to E.O. 13850. This means that US persons are generally prohibited ... WebMar 4, 2024 · In 2024, CITGO had to replace revolver liquidity with a drawn term loan, given bank concerns about OFAC sanctions against Venezuelan entities. The new term loans contain language that allows for the eventual creation of a secured revolver. Fitch believes CITGO has access to a capital pool that is narrow but deep. cummings center tufts

U.S. denies Crystallex request for Citgo shares, will reassess in 2024

WebMar 15, 2024 · The US Department of the Treasury’s Office of Foreign Assets Control (‘OFAC’) has issued a licence permitting some transactions with PDV Holding, Inc. and CITGO Holding, Inc., which would otherwise … WebOct 15, 2024 · On October 6, OFAC issued General License 5E, Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2024 8.5 Percent Bond on or … WebOct 20, 2024 · OFAC, in consultation with the Department of State, issued GL 7 on January 28, 2024, pursuant to E.O. 13850, as amended. Paragraph (a) of GL 7 authorized certain … cummings center post office

US Extends Citgo Protection [PDF Download] - Energy Analytics …

Venezuela Gets OK For Quick Appeal In Citgo Sale Fight

WebApr 11, 2024 · En Citgo no se supo nunca que pasaba, porque nadie dio explicaciones de eso», dijo Moreno, quien fuera diputado por el estado de Miranda, durante una entrevista, con Mario Villegas. ... (OFAC) del Departamento del Tesoro estadounidense emitió la licencia general 5J, que veta las transacciones con los tenedores del bono PDVSA 2024 … WebMar 20, 2024 · On March 14, 2024, OFAC reissued General License 7 (“GL 7”) as General License 7A (“GL 7A”) to extend the general license’s authorization for certain activities involving PDV Holding, Inc. (“PDVH”) and CITGO Holding, Inc. (“CITGO”). While the original GL 7(a) was set to expire on July 27, 2024, GL 7A(a) automatically renews on the cummings center map beverly maWebOn August 5, 2024, the Trump administration imposed new sanctions on the Government of Venezuela by freezing the property and assets of the regime of Venezuelan President Nicolás Maduro as well as those who provide it with “material support.”. Issued on the eve of a major international conference on the Venezuelan political crisis in Lima ... cummings center medical associates

"Web870 Likes, 180 Comments - Potasio Digital (@potasiodigital) on Instagram: "La junta ad hoc opositora del Banco Central ha administrado una cuenta en la Reserva ... " - Citgo ofac

Citgo ofac

Why is CITGO About to be Auctioned? - Orinoco Tribune

WebMar 31, 2024 · The Global Magnitsky Sanctions program represents the implementation of multiple legal authorities. Some of these authorities are in the form of an executive order issued by the President. Other authorities are public laws (statutes) passed by The Congress. These authorities are further codified by OFAC in its regulations which are … WebLaw360 (May 4, 2024, 8:31 PM EDT) -- A federal judge in Delaware on Wednesday allowed Venezuela to immediately appeal his decision not to wait for an official signoff from the Biden administration ...

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WebDec 19, 2024 · Later that year, the Venezuelan government mortgaged the remaining 49.9 percent of Citgo’s shares to the Russian oil company, Rosneft, for a loan worth $1.5 billion. But as a result of Venezuela ... WebAug 8, 2024 · OFAC amended General License 20A (authorizing official activities of certain international organizations) and issued several general licenses to ensure the continued flow of humanitarian goods and services to the Venezuelan people including, General License 22 (goods and services related to Venezuela’s mission to the United Nations), General ...

WebApr 21, 2024 · The Reasons Behind OFAC’s General License 5C. In 2024, the Government of Venezuela defaulted on the 8.5% Bond, and bondholders sought to enforce their rights to the collateral used to back this bond: a number of shares in CITGO Petroleum Corporation (“CITGO”), the U.S. refiner that originally was owned and controlled by PDVSA and now … WebSep 21, 2024 · Citgo, the US downstream arm of Venezuela’s national oil company PdV, is the target of myriad creditors and arbitration claimants. After the former US administration withdrew recognition of Venezuela’s president Nicolas Maduro in favor of Guaidó in January 2024 and imposed oil sanctions to drive Maduro out, Citgo came under the …

WebJan 22, 2024 · 740 N. Sedgwick, Suite 200 Chicago, IL 60654 Hours Monday - Friday 8:30 a.m. - 5:00 p.m. Talk to Us (833) TALK-2-IG / (833) 825-5244 [email protected] WebThe question over how far the sales process can proceed without a license from OFAC has become more urgent since it emerged in January that the U.S. government had opted to …

WebOct 15, 2024 · GL-5E appears intended to protect bondholders of CITGO Holding, Inc. (“Citgo”), which is a wholly owned subsidiary of Venezuela’s state-owned oil and natural gas company, Petróleos de Venezuela, S.A. (“PdVSA”). ... which clarifies the scope of GL-5E. OFAC also noted that, to the extent an agreement may be reached on proposals to ...

cummings center restaurants beverly maWebMar 4, 2024 · Guayaquil, Ecuador, March 4, 2024 ( venezuelanalysis.com) – A US judge greenlighted an auction procedure for Houston-based Venezuelan oil subsidiary CITGO. … east west breast shape exerciseWeb1,785 Likes, 43 Comments - Maduradas.com (@maduradas) on Instagram: "El Departamento del Tesoro de Estados Unidos sancionó este miércoles 3 de diciembre a dos funci..." east west breast shapeWebFeb 25, 2024 · Legal Framework for the Venezuela-related Sanctions. The Venezuela-related Sanctions program represents the implementation of multiple legal authorities. … Contact OFAC; Sanctions Programs and Country Information. OFAC administers … 401. OFAC’s 50 Percent Rule states that the property and interests in property of … cummings center in beverly maWebJun 5, 2024 · The Reasons Behind OFAC’s General License 5C. In 2024, the Government of Venezuela defaulted on the 8.5% Bond, and bondholders sought to enforce their rights to the collateral used to back this bond: a number of shares in CITGO Petroleum Corporation (“CITGO”), the U.S. refiner that originally was owned and controlled by PDVSA and now … east west breast plateWebJan 17, 2024 · The United States on Tuesday extended for three months a license that protects Venezuela-owned oil refiner Citgo Petroleum from bondholders trying to seize its assets to recoup about $900 million... eastwest branches near meWebFinally, OFAC also decided to extend to 22 nd April any claim regarding defaulted PDVSA’s 8.5% bonds maturing in 2024. The notes have a 50.1% collateral over PDV holding … cummings centre for seniors