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Crystallex offers to settle with Citgo, says oil refiner can afford to pay
11 Oct 2022 16:39 GMT
…
the $970 million judgment to Crystallex International to avoid
an auction …
clear that Venezuela can pay Crystallex and the 2020 bondholders
to … to deliver strong third-quarter earnings.
(Reporting by Gary McWilliams …
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Exclusive-Elliott weighs Citgo bid as creditor group eyes Conoco for own offer
18 Apr 2024 18:05 GMT
… foreign assets include Conoco, miners Crystallex, Rusoro Mining and Gold Reserve … .8 billion in combined net earnings over the last two years …
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Exclusive-Weak bids in Citgo auction spurs Venezuela to pitch alternative pay plan
14 Mar 2024 11:13 GMT
… seven years ago by miner Crystallex.
Results from the first bidding … .
Citgo has been highly profitable, earning $4.8 billion in profits …
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Exclusive-Conoco emerges as surprise bidder in historic Citgo share auction
09 Feb 2024 14:42 GMT
… .S. approvals. Citgo's earnings before interest, taxes, depreciation and … creditors list also includes miner Crystallex, which first introduced the case …
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Why Venezuela Is About to Lose Its Oil Crown Jewel
23 Oct 2023 15:54 GMT
… by Canadian mining company Crystallex International Corp., but negotiations … most immediate creditors, including Crystallex. But Venezuela has about … year, with each site earning between $1.6 billion … win after investing in Crystallex
Federal judge sets date …
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Citgo Petroleum on track for $2.5 billion profit in 2022 - supervisory board
19 Dec 2022 20:55 GMT
… November, Citgo reported third quarter earnings of $477 million on strong … quarter, the company's earnings had surged to $1.28 … auction would pay Canadian miner Crystallex $970 million owed from an …
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Biden administration opens the door for Chevron to resume oil pumping in Venezuela after lobbying push against sanctions
01 Dec 2022 09:02 GMT
… of the country’s export earnings, and the move allowed CITGO … billion in debt owed to Crystallex, a Canadian mining company that … ’s parent company.
Third quarter earnings of $477 million enabled Citgo …
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US Urges Venezuelans to Negotiate to Avoid Losing Citgo Parent Company
05 Nov 2022 00:23 GMT
… expected to publish third-quarter earnings today or early next … adviser.
A lawyer representing Crystallex in the case against PDV … is open to discussions.
“Crystallex has always been willing to … has not engaged with Crystallex to discuss such a solution …
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Citgo Petroleum reports $477 million third quarter profit
10 Nov 2022 15:52 GMT
… on Thursday reported third quarter earnings of $477 million on strong … . However, overall profit margins and earnings fell from the prior quarter … auction would pay Canadian miner Crystallex $970 million owed from an …
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Two Former Execs of Venezuelan Oil Giant PDVSA Given Five-Year Prison Terms for Leaking Data to US
09 Feb 2021 22:29 GMT
… the country’s foreign exchange earnings, suffered major losses after Washington … to Canadian gold mining company Crystallex, notwithstanding Treasury Department restrictions against … to $350 billion in lost earnings between 2013 and 2017 alone …