Citgo Archives - Panorama Insurance Brokers

Former oil executives get prison sentence in Venezuela, US calls for their release

(Reuters) – A Venezuelan court sentenced six former executives of U.S. refiner Citgo to prison after finding them guilty of corruption charges on Thursday. The officials were arrested in November 2017 after being called into a meeting at the Caracas office of state oil company PDVSA, which owns Citgo. They were accused of crimes such… Read More

Venezuela seizes tanker holding almost 1 million barrels of oil

(Bloomberg) A crude tanker stuck at sea for over a year has become the latest front in the battle over Venezuela’s oil riches after being seized last week. Citgo Petroleum Corp., led by appointees of Venezuelan opposition leader Juan Guaido, was weighing filing an insurance claim last week for theft after a tanker holding almost… Read More