Venezuela’s state-owned PDVSA’s dependence on its US unit Citgo for refined products and diluent could be put in jeopardy by a US court order Thursday that may result in the company losing control over its most valued assets. Receive daily email alerts, subscriber notes & personalize your experience. Register Now US District Court Judge Leonard P. Stark issued an order Thursday granting Canadian miner Crystallex’s request to include shares of the PDVSA holding company that owns US refinery Citgo as part of Crystallex’s efforts to collect $1.2 billion it is owed by Venezuela. Crystallex was awarded the $1.2 billion in June 2017 over a dispute concerning Venezuela’s nationalization of Crystallex assets. Thursday’s ruling in the Delaware court opens the door for Citgo’s other creditors to seek similar relief. But because no attachment order was issued on how to secure collection of the judgment, exact ramifications on […]