Venezuela Opposition Presses US Officials to Halt Citgo Sale
- Legislators write to Biden administration seeking intervention
- Opposition fears Maduro could use auction against it in vote
Venezuela’s opposition is ramping up lobbying efforts in Washington, trying to persuade the Biden administration to intervene in the court-ordered sale of Citgo Petroleum Corp.’s parent company in the US.
The company is the South American nation’s most important foreign asset and its shares are due to be auctioned by July 15. The opposition fears Nicolas Maduro could blame them for Citgo’s loss ahead of crucial presidential elections set for the end of next month.