pdvholding

📊 PDVSA makes a move in U.S. courts
Petróleos de Venezuela informed a U.S. appeals court that it is moving forward with the appointment of new boards of directors for two of its most sensitive assets: PDV Holding and Citgo Petroleum Corporation. The notice was filed by Katherine Wellington, the state-owned company’s attorney, and was reported by Reuters this Wednesday, October 21. This is no minor detail: both companies are at the center of a years-long legal dispute that will determine who controls the refinery, who collects payments, and who is liable for Venezuela’s foreign debt.