August 15, 2018
Volume 2 Issue 38
Crystallex Seizes Citgo Assets in Court Ruling
A U.S. district court approved Thursday a request by defunct Canadian gold miner Crystallex International Corp. to seize control of shares from a Petróleos de Venezuela, S.A. subsidiary that owns Citgo. Legal analysts said the ruling casts doubt on the future of Citgo and its lubricant business – estimated by an industry consultant to be seventh-largest in the United States.