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August 15, 2018

Volume 2 Issue 38

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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.