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November 28, 2018

Volume 1 Issue 51

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Venezuela Progresses on Settlement to Retain Citgo

Venezuela completed an initial payment to defunct Canadian gold miner Crystallex International last week as part of a $1.2 billion amended settlement reached in September. That followed a United States district court’s approval in August of Crystallex’s request to seize control of shares from a U.S. subsidiary of Petroleos de Venezuela, S.A. that owns Citgo.