Nicolás Maduro said Venezuela was "stolen" from Citgo, the PDVSA subsidiary in the United States



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Nicolás Maduro he denounced Tuesday alleged illegality of a new financing of the subsidiary of the public company PDVSA in the United States, Citgo, after accusing the congress of the country of South America and Washington to support the operation.

The subsidiary of the Venezuelan oil company, which will soon face the payment of the PDVSA 2020 bond, announced in March that got a loan of $ 1.2 billion over five years this will allow it to cover its operating expenses and refinance its debt after being separated from its parent company because of the sanctions imposed by Washington on the country of South America.

"I take the opportunity to denounce the theft of Citgo through a Totally illegal debt and that will be demonstrated when we win the lawsuits in the United States and that Citgo will be returned to us, owned by the Venezuelan state, "Maduro told a meeting in his office broadcast by the channel. of state television.

"This will be demonstrated and all those involved, Venezuelans and foreigners, in this flight and embezzlement of Citgo in full development", he added, without giving details on funding.

Citgo Petroleum is governed by a Board of Directors under the command of Luisa Palacios, who was appointed by the National Assembly, with a majority of opposition.

The congress plans to review the interest payments on the PDVSA 2020 bond in the coming days to protect Citgo, said lawmakers and a member of the oil company's transitional supervisory board.

Since the President of the National Assembly of Venezuela and Acting President of Venezuela, Juan Guaidó, invoked the Constitution to badume an interim presidency in January and was recognized by 50 countries, there was a battle for control of Citgo, Venezuela's most important badet abroad, valued between $ 8 billion and $ 13 billion.

(With information from Reuters)

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