Citgo ofac

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August undefined, 2024

WebI initially was hired in 1993, as the Accounts Receivable Specialist, and in 1995, became the Utility Billing Clerk/Deputy City Clerk. I then was appointed the City Clerk, by the City … 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 …

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

WebOFAC Again Extends Measure Protecting PDVSA's CITGO Shares from Bondholders. The Treasury Department extended, through January 19, 2024, a measure barring certain … WebOct 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 … highland high school boys varsity basketball

OFAC Again Extends Measure Protecting PDVSA

WebSep 15, 2024 · A judge approved the sale of shares in Citgo's immediate parent earlier this year to satisfy Crystallex's $1.4 billion judgment for the expropriation of its assets in Venezuela. WebSep 15, 2024 · Treasury's Office of Foreign Assets Control (OFAC) told Crystallex the State Department had determined such a sale would be inconsistent with U.S. foreign policy interests, but that Washington would reassess these considerations during the first half of 2024. Citgo has been controlled by Venezuelan opposition leader Juan Guaido since … WebJun 5, 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 … how is fire hose made

Citgo: How Russia Could Soon Control a U.S. Oil Company

Sanciones y producción petrolera - Efecto Cocuyo

WebVenezuela Sanctions. On January 28th, OFAC designated Petroleos de Venezuela S.A., which is Venezuela’s national oil and natural gas company. The PdVSA, as it is known, was placed on OFAC’s Specially Designated Nationals and Blocked Persons List, or the SDN List, pursuant to E.O. 13850. This means that US persons are generally prohibited ... 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 … highland high school blackwoodWebCitgo. Citgo Petroleum Corporation (or Citgo) is a United States-based refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial … highland high school boys soccer

"WebApr 11, 2024 · “En el gobierno interino hubo un gran desorden, un sector lo manejó como le dio la gana. En Citgo no se supo nunca que pasaba, porque nadie dio explicaciones de eso”, dijo Moreno. “Monómeros es algo pequeñito en relación a Citgo. En algún momento eso hay que investigarlo”, expresó el opositor sobre la corrupción Citgo. " - Citgo ofac

Citgo ofac

US signals end to Citgo protection by June 2024 - LaPatilla.com

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. 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 …

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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 … WebMar 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 issued by the President. Other authorities are public laws (statutes) passed by The Congress. These authorities are further codified by OFAC in its regulations which are …

WebOct 8, 2024 · A U.S. judge could rule soon on a final auction schedule that could force a breakup of Venezuela-owned Citgo Petroleum, the seventh-largest U.S. oil refiner by … 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 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 … WebFinally, OFAC also decided to extend to 22 nd April any claim regarding defaulted PDVSA’s 8.5% bonds maturing in 2024. The notes have a 50.1% collateral over PDV holding …

WebOn August 5, 2024, the Trump administration imposed new sanctions on the Government of Venezuela by freezing the property and assets of the regime of Venezuelan President Nicolás Maduro as well as those who provide it with “material support.”. Issued on the eve of a major international conference on the Venezuelan political crisis in Lima ...

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..." how is first innings decided in cricketWebFeb 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 … how is fishball made how is firmware storedWebJan 19, 2024 · According to OFAC, the collection would undermine the foreign policy of the U.S. to replace dictator Nicolas Maduro with Juan Guaido by draining funds that the latter could devote to reviving ... how is first day of spring determinedWebApr 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 … how is fish and chips madeWebJun 10, 2024 · On June 6, 2024, the US Treasury Department’s Office of Foreign Assets Control (“OFAC”) amended three Venezuela-related general licenses (re-issued as General License No. 7B, General License No. 8A, and General License 13A) to clarify that these authorizations do not authorize US Persons to engage in transactions or dealings related … how is fisher investments rankedWebNov 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. how is fisher investments rated