Venezuela has taken control of the U.S. refining giant Citgo, while 31 tons of gold bars are held for talks amidst political opposition.
1 report, 1 independent
Updated Aug 19
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What happened
Venezuela has taken control of the U.S. refining giant Citgo, while 31 tons of gold bars are held for talks amidst political opposition.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Elliott Investment Management made a $5.9 billion bid for Citgo, while Maduro's regime seeks to reclaim the asset amid political opposition.Sub-event
Venezuela gains control of Citgo; 31 tons of gold bars are involved in talks amid political refusal.1 source
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The entities involved
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Citgo
oil company and gasoline retailer
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Nicolás Maduro
President of Venezuela 2013 to 2026
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Juan Guaidó
Venezuelan politician and former President of the National Assembly (1983)
Nothing else this week.
Related events
- Donald Trump, Nicolás Maduro, and Marco Rubio are involved in a dispute over Venezuelan oil resources and coordinating a U.S. official response.
- Citgo is confirmed to be a subsidiary of Venezuela's national oil company.
- Maduro's government grants a new oil lease in Venezuela.
- Donald Trump announced trade actions, including severing ties with Canada and renegotiating a treaty with Mexico, alongside focusing on Venezuelan oil appropriation.