Crystallex pursues Citgo as Venezuela...

Crystallex pursues Citgo as Venezuela misses settlement payment

Dec 21, 2017 Read more: Reuters

Mining company Crystallex International Corp said on Thursday Venezuela failed to honor a settlement and urged a federal judge to allow it to seize control of U.S. refiner Citgo Petroleum Corp, which is owned by the country's state oil company. Canada-based Crystallex won a 2016 international arbitration award of $1.2 billion against Venezuela, which has refused to pay.

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