Who Owns Citgo? The Battle for Venezuela’s Crown Jewel in Delaware

Unable to add items

Sorry, we're unable to add the item because your cart is already full.

Add to basket failed.

Please try again later

Add to wishlist failed.

Please try again later

Failed to remove from Wish List.

Please try again later

Adding to library failed

Please try again

Unable to follow podcast

Unable to unfollow podcast

Who Owns Citgo? The Battle for Venezuela’s Crown Jewel in Delaware

Listen for free

View show details

Season's Savings | 0.99 €/month for 3 months

5.99 €/month thereafter - terms apply. Cancel monthly.

Venezuela’s most valuable overseas oil asset is at the center of an extraordinary legal battle unfolding not in Caracas, but in a federal courtroom in Delaware. Citgo, the American refining company owned through Venezuela’s state oil enterprise, has become the target of creditors seeking billions of dollars in unpaid debts and arbitration awards. From Canadian mining companies to international bondholders, the dispute raises a fundamental question about whether foreign courts can effectively dismantle a sovereign nation’s overseas commercial empire to satisfy its financial obligations. This episode examines the legal battle over Citgo, the limits of sovereign immunity, and the geopolitical consequences of allowing creditors to seize the assets of a foreign government.

No reviews yet