Recent discussions and events have shed light on the impact of U.S. sanctions on Venezuela's economy and the country's oil industry. Representative Huizenga acknowledged the worsening of Venezuela's economy due to sanctions, while opposition leader Maria Corina Machado attributed the economic harm to the Maduro regime. Additionally, a U.S. court auction involving Venezuela-owned oil refiner Citgo Petroleum has seen ConocoPhillips emerge as a surprise bidder, using claims in lieu of cash. Venezuelan opposition candidate Machado expressed hope for the extension of Citgo's protection by the U.S. Treasury Department.
⚠️ EXTENSION OF CITGO PROTECTION WOULD BENEFIT CREDITORS - VENEZUELA CANDIDATE MACHADO (Reuters) Venezuelan opposition presidential candidate Maria Corina Machado on Friday said she hoped the U.S. Treasury Department would extend its protection of Houston-based refiner Citgo… https://t.co/mYT1jJSdyD
Exclusive: Conoco emerges as surprise bidder in historic Citgo share auction https://t.co/IbjdLU9KNm https://t.co/YCpxbi9mLS
Reuters- A U.S. court auction weighing the fate of Venezuela-owned refiner Citgo Petroleum has received bids using claims in lieu of cash, including from oil producer ConocoPhillips, part of a historic case to settle Venezuelan debts https://t.co/mOsQ8oD7OI
Conoco emerges as surprise bidder in historic Citgo share auction #oott https://t.co/bXrj0zUbi1
⚠️ EXCLUSIVE-CONOCO EMERGES AS SURPRISE BIDDER IN HISTORIC CITGO SHARE AUCTION (Reuters) A U.S. court auction weighing the fate of Venezuela-owned oil refiner Citgo Petroleum has received bids using claims in lieu of cash, according to people familiar with the process and… https://t.co/tXw2BaPc9T
Last week, @StateDeptSpox @WHAAsstSecty confidently proclaimed that Venezuela broke an election agreement by not lifting a ban on one candidate — as a result, the US would reimpose Trump's sanctions (harming millions of families & spurring migration). Turns out, it wasn't true: https://t.co/Rr52CpzAvp https://t.co/EpPcGpMh0y
Today, I participated in a roundtable with the Venezuelan opposition leader @MariaCorinaYA. We discussed recent sanctions measures taken by the Biden Administration against the Maduro regime, the Venezuelan economy and its impact on migration, and what her electoral future holds. https://t.co/lKvYqOsSRw
Venezuela's economy "has gotten continually worse, some of that is because of the sanctions" @HouseForeignGOP's @RepHuizenga admits truth about US sanctions, which explicitly aim to harm the economy. @MariaCorinaYA deflects, says Maduro regime "intentionally" harms economy. https://t.co/yYwxjzEszn