Judge Clears Way for Final Bids on Citgo in Setback to PDVSA

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A judge cleared the way for final offers for Citgo Petroleum Corp.’s US parent, denying objections from Venezuela’s state-owned oil company to the bidding process for the oil refiner’s court-ordered sale.

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PDVSA Says Citgo Bidding Process ‘Improperly’ Favors BondholdersVenezuela’s state-owned oil company is objecting to the bidding process for the court-ordered sale in July of a unit, PDV Holding, that owns the US-based refiner Citgo Petroleum.
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