Citgo ofac

Author: tmnr

August undefined, 2024

WebSep 21, 2024 · Citgo, the US downstream arm of Venezuela’s national oil company PdV, is the target of myriad creditors and arbitration claimants. After the former US administration withdrew recognition of Venezuela’s president Nicolas Maduro in favor of Guaidó in January 2024 and imposed oil sanctions to drive Maduro out, Citgo came under the … Webunited states. securities and exchange commission. washington, d.c. 20549 . form 6-k . report of foreign private issuer pursuant to rule 13a-16 or 15d-16 under the securities exchange act of 1934

Global Magnitsky Sanctions Office of Foreign Assets Control

WebJan 17, 2024 · The United States on Tuesday extended for three months a license that protects Venezuela-owned oil refiner Citgo Petroleum from bondholders trying to seize its assets to recoup about $900 million... WebFeb 25, 2024 · Legal Framework for the Venezuela-related Sanctions. The Venezuela-related Sanctions program represents the implementation of multiple legal authorities. … Contact OFAC; Sanctions Programs and Country Information. OFAC administers … 401. OFAC’s 50 Percent Rule states that the property and interests in property of … ealing crisis team number

U.S. denies Crystallex request for Citgo shares, will reassess

WebApr 21, 2024 · The Reasons Behind OFAC’s General License 5C. In 2024, the Government of Venezuela defaulted on the 8.5% Bond, and bondholders sought to enforce their rights to the collateral used to back this bond: a number of shares in CITGO Petroleum Corporation (“CITGO”), the U.S. refiner that originally was owned and controlled by PDVSA and now … WebJan 19, 2024 · Jan 19th 2024 at 1.50pm. Mérida, January 19, 2024 ( venezuelanalysis.com) – Venezuela’s most prized foreign asset has moved a step closer to being broken up and seized by creditors. CITGO, the US-based subsidiary of Venezuelan state oil company PDVSA, is worth an estimated US $8 billion. With three refineries and a network of over … WebApr 12, 2024 · Russian Harmful Foreign Activities Sanctions. 1122. Certain transactions related to telecommunications and certain internet-based communications are already … ealing ctpld

OFAC issues licences for PDVH and CITGO activities

Holders of the PDVSA 8.5% Bond Need OFAC’s License

WebJan 17, 2024 · "Transactions related to the sale or transfer of Citgo shares in connection with the PDVSA 2024 8.5-percent bond are prohibited, unless specifically authorized by OFAC," the office said. WebAug 8, 2024 · OFAC amended General License 20A (authorizing official activities of certain international organizations) and issued several general licenses to ensure the continued flow of humanitarian goods and services to the Venezuelan people including, General License 22 (goods and services related to Venezuela’s mission to the United Nations), General ... ealing crown courtWebMar 20, 2024 · On March 14, 2024, OFAC reissued General License 7 (“GL 7”) as General License 7A (“GL 7A”) to extend the general license’s authorization for certain activities involving PDV Holding, Inc. (“PDVH”) and CITGO Holding, Inc. (“CITGO”). While the original GL 7(a) was set to expire on July 27, 2024, GL 7A(a) automatically renews on the ealing currency exchange

"WebJul 20, 2024 · US Extends Citgo Protection [PDF Download] ENERGY ANALYTICS INSTITUTE (EAI) 20 July 2024. (Department of the Treasury, 20.Jul.2024) — The Office … " - Citgo ofac

Citgo ofac

US Judge Approves Venezuela’s CITGO Auction Process

WebOFAC Again Extends Measure Protecting PDVSA's CITGO Shares from Bondholders. The Treasury Department extended, through January 19, 2024, a measure barring certain … WebJan 19, 2024 · In exercise of the arbitrary “freezing” measures that the US government maintains against CITGO as the main Venezuelan asset abroad, the US Treasury Department via the Office of Foreign Assets Control (OFAC) published license number 5J, which replaces 5I, that had been issued in January 2024 and which extended the …

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Web539 Likes, 37 Comments - Carlos Vecchio (@carlosvecchio) on Instagram: "Nadie puede embargar a CITGO sin una autorización (licencia) de la OFAC. Gracias a los esfuerzos..." Carlos Vecchio on Instagram: "Nadie puede embargar a CITGO sin una autorización (licencia) de la OFAC. WebFeb 20, 2024 · I. CITGO . SDN Designation: CITGO is an SDN by virtue of being wholly owned by PdVSA. However, concurrent with PdVSA’s SDN designation, OFAC issued …

WebCitgo. Citgo Petroleum Corporation (or Citgo) is a United States-based refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial … WebFeb 14, 2024 · On January 28, 2024, the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated the Venezuelan state-owned oil company Petróleos de Venezuela, S.A. (PdVSA) as a Specially Designated National (SDN). This action will have a significant impact on US persons and businesses involved in any dealings with PdVSA or …

WebMar 4, 2024 · Guayaquil, Ecuador, March 4, 2024 ( venezuelanalysis.com) – A US judge greenlighted an auction procedure for Houston-based Venezuelan oil subsidiary CITGO. … WebNov 30, 2024 · OFAC authorized PDVH, CITGO, and other U.S. companies to import petroleum from PdVSA through April 2024, but payments had to be made to a blocked U.S. account. OFAC initially authorized U.S. companies working in Venezuela with PdVSA (including Chevron) to operate through July 2024.

Web1,785 Likes, 43 Comments - Maduradas.com (@maduradas) on Instagram: "El Departamento del Tesoro de Estados Unidos sancionó este miércoles 3 de diciembre a dos funci..."

WebMar 15, 2024 · The US Department of the Treasury’s Office of Foreign Assets Control (‘OFAC’) has issued a licence permitting some transactions with PDV Holding, Inc. and CITGO Holding, Inc., which would otherwise … ealing crowne plazaWebMar 4, 2024 · In 2024, CITGO had to replace revolver liquidity with a drawn term loan, given bank concerns about OFAC sanctions against Venezuelan entities. The new term loans contain language that allows for the eventual creation of a secured revolver. Fitch believes CITGO has access to a capital pool that is narrow but deep. cspartnerportal-healthineer.siemens.comWeb3 Likes, 0 Comments - Cóndor News (@condornews1) on Instagram: "EEUU extiende protección a Citgo hasta el 21 de octubre. • Estados Unidos extendió este marte..." Cóndor News on Instagram: "EEUU extiende protección a Citgo hasta el 21 de octubre. ealing customer portalWebMar 31, 2024 · The Global Magnitsky Sanctions program represents the implementation of multiple legal authorities. Some of these authorities are in the form of an executive order … ealing currysWebOct 20, 2024 · OFAC, in consultation with the Department of State, issued GL 7 on January 28, 2024, pursuant to E.O. 13850, as amended. Paragraph (a) of GL 7 authorized certain … ealing ctWebApr 11, 2024 · En Citgo no se supo nunca que pasaba, porque nadie dio explicaciones de eso», dijo Moreno, quien fuera diputado por el estado de Miranda, durante una entrevista, con Mario Villegas. ... (OFAC) del Departamento del Tesoro estadounidense emitió la licencia general 5J, que veta las transacciones con los tenedores del bono PDVSA 2024 … csp arthritisWebOct 15, 2024 · On October 6, OFAC issued General License 5E, Authorizing Certain Transactions Related to the Petróleos de Venezuela, S.A. 2024 8.5 Percent Bond on or … ealing current consultations