Canadian miner Crystallex has accused Venezuela of breaching a US$1.4-billion settlement agreement as PDVSA continued to try and overturn a court order that allowed Crystallex to take control of the stock of Citgo’s parent company, Reuters reports . This is the latest blow to Citgo, PDVSA’s precious downstream business in the U.S. that the company—and Caracas through it—has tried to keep at all costs. What’s more, Crystallex had already hired banks to organize a forced sale of Citgo stock in order to get its US$1.4 billion, a lawyer for the Canadian mining company said, but the process has been suspended because Venezuela wasted no time in disputing Crystallex’ accusation. The crux of the matter is the ownership of Citgo. While it is a unit of PDVSA, PDVSA is a state-owned company, according to a court ruling from earlier this year. The ruling by Chief Judge Leonard P. Stark was […]