- Title: Venezuela's Guaido hopes Washington will extend Citgo protection from creditors
- Date: 7th December 2022
- Summary: CARACAS, VENEZUELA (FILE - OCTOBER 27, 2022) (REUTERS) VARIOUS OF GUAIDO WALKING AMONG AND SHAKING HANDS WITH SUPPORTERS GUAIDO SPEAKING TO SUPPORTERS DURING RALLY SUPPORTERS CHANTING GUAIDO SPEAKING TO SUPPORTERS DURING RALLY
- Embargoed: 21st December 2022 01:58
- Keywords: CITGO Juan Guaido President Nicolas Maduro Venezuela opposition politics
- Location: CARACAS, VENEZUELA
- City: CARACAS, VENEZUELA
- Country: Venezuela
- Topics: South America / Central America,Government/Politics
- Reuters ID: LVA002496407122022RP1
- Aspect Ratio: 16:9
- Story Text: Venezuelan opposition leader Juan Guaido said on Tuesday (December 6) he hopes Washington will extend a license protecting refiner Citgo Petroleum Corp from creditors, amid political talks with Caracas that could lead to a revision of U.S. sanctions on the country.
"It is important that the license is extended (for another year)," Guaido told Reuters in his Caracas office, adding that conversations with creditors "have always been a possibility."
A license protecting the Houston-based subsidiary of Venezuelan state oil firm PDVSA from seizure by creditors expires in January.
PDVSA put up a majority stake in Citgo as collateral for its 2020 bond on which it defaulted, meaning bondholders could seek its Citgo shares as repayment.
Despite internal divisions, Guaido promised the Venezuelan opposition would be able to come together around a common goal, notably the selection of a single candidate ahead of the 2024 presidential election.
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