One of the large refiners in the U.S., Citgo Petroleum, owned by Venezuela’s state oil company PDVSA, has denied a report that it was considering filing for bankruptcy, among other options, to protect itself from competing claims over its governance amid the ongoing crisis in Venezuela. On Thursday, The Wall Street Journal reported that a bankruptcy filing was one of the options that Citgo Petroleum is considering. Such filing is neither imminent nor certain, but could be a way to protect Citgo’s operations on the U.S. Gulf Coast and keep them running, The Journal reported, quoting people familiar with the matter. According to the WSJ report, a potential bankruptcy filing could provide some period of calm, but it could also prompt many creditors to start encroaching Citgo to claim repayments. One of those is Russia’s oil giant Rosneft, which has extended a loan to PDVSA. The Venezuelan state oil […]