CARACAS, Jan 14, 2026 (BSS/AFP) - Representatives of Venezuela's state oil company PDVSA said Tuesday they had appealed the US-forced sale of its prized Houston-based subsidiary Citgo to pay off creditors. In late November, a Delaware court authorized Citgo's sale to settle a long-running legal dispute. Citgo has been under the control of the Venezuelan opposition since 2019, when Washington recognized then opposition leader Juan Guaido as Venezuela's rightful leader. Maduro's vice president Delcy Rodriguez, now the country's interim leader, had rejected Citgo being put up for auction last year, referring to it as a "forced sale." But since Maduro's capture, she has stressed her willingness to cooperate with US demands for access to Venezuela's vast oil wealth.

Source: Bangladesh Sangbad Sangstha January 14, 2026 03:10 UTC