Judge approves sale of Venezuela's prized US-refineries
By SCOTT SMITH
CARACAS, Venezuela (AP) - A U.S. judge has approved moving forward with the sale of Venezuela’s prized U.S.-based CITGO refineries. This takes the bankrupt Canadian mining company Crystallex one step closer to collecting $1.4 billion it lost in a decade-old takeover of its Venezuelan operation by the late socialist President Hugo Chávez. Friday's ruling strikes a blow to Venezuela’s opposition led by Juan Guaidó. The opposition was banking on profits from Houston-based CITGO to finance the crisis-torn nation’s recovery if they were ever able to force President Nicolás Maduro from power. CITGO has three refineries in the U.S. and provides between 5% and 10% of U.S. gasoline.
Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Fallen from nest, baby owl shows wildlife challenges of Valley border wall...
Photographer's Perspective: Hurricane season experience
Valley man creates website to better track coronavirus cases
Weslaco hospital prepare for possible baby boom towards end of the year
DHR Health to host Memorial Day parade to honor fallen heroes