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U.S. acts to keep Citgo operating in face of Venezuela sanctions


  • World
  • Friday, 15 Mar 2019

WASHINGTON (Reuters) - The U.S. Treasury on Thursday gave U.S. refiner Citgo Petroleum Corp a further 18 months to buy crude and make debt payments while under sanctions against its parent, Venezuelan state-run energy firm Petróleos de Venezuela (PDVSA).

The United States levied sanctions in January on PDVSA and Venezuela aimed at the removal of socialist President Nicolas Maduro, whom the United States and about 50 other countries no longer recognise as the country's legitimate leader.

   

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