Extension of Citgo protection would benefit creditors – Venezuela candidate Machado

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 Petroleum, saying that would benefit creditors and the U.S. government. The supreme court last month upheld a decision by the controller general which bans her from holding public office and therefore from registering for elections scheduled for the second half of 2024. A U.S. court has so far approved claims by 18 Venezuela-linked creditors, including ConocoPhillips, Rusoro Mining and Koch Industries, to get proceeds from a coming auction of shares in the parent of Citgo.