HomeEconomyOilVenezuela categorically rejects theft of Citgo by the US

Venezuela categorically rejects theft of Citgo by the US

The Vice President affirmed that in national unity the people of Venezuela will defend their heritage and apply justice to those who plotted this dispossession against the Republic.

Through an official statement released this Monday, Venezuela categorically rejects the continuation of the dispossession process of the Citgo Petroleum Corporation Citgo company, carried out by the United States government (U.S.) “in open agreement with the extremist factors of Venezuelan anti-politics.”

The document was released by the Executive Vice President, Delcy Rodriguez, through a publication on his account on the social network X.

“We strongly reject the robo of #CITGO, instrumentalized by the #US government, Leopoldo López, Juan Guaidó, Julio Borges and the caste of neo-fascist surnames. Venezuela will not recognize any type of fraudulent transaction,” says the Vice President on the social network.

“The people of Venezuela, in a great national union, will defend their heritage; and will apply implacable justice to those who plotted this dispossession against the Republic,” he adds in the publication.

Dispossession of Citgo is part of the multiform aggression

The text highlights that United States authorities use "the subterfuge of a judicial procedure of forced sale of shares clearly contrary to Law", thus continuing with the multiform aggression against the country, to plunder the people of Venezuela of their assets.

The statement from the Government of Venezuela is reproduced in full below.

The Government of the Bolivarian Republic of Venezuela categorically rejects the process of dispossession of the company Citgo Petroleum Corporation (CITGO), which continues to be carried out by the authorities of the United States of America, under the subterfuge of a judicial procedure of forced sale of shares clearly contrary to law.

CITGO is an important strategic asset of the Venezuelan national oil company, PDVSA. Its forced sale constitutes a new episode of the multiform aggression carried out by the institutions of the United States against Venezuela, with the aim of plundering the Venezuelan people of the assets that belong to them, in open transgression of the norms that govern peaceful coexistence between the States and in open compromise with the extremist factors of Venezuelan anti-politics, servile to the orders of Washington.

The Government of Venezuela and PDVSA were excluded from the judicial sale of CITGO and were prevented from defending their right before US courts. To do this, the US authorities had the complicity of the organized crime group calling itself the “National Assembly of 2015”, led by Juan Guaidó, Leopoldo López, Julio Borges and the surname caste of Venezuelan neofacism, who since 2019 have attempted to usurp the institutions and representation of the Republic and its entities abroad.

The Government of the Bolivarian Republic of Venezuela reiterates that it does not and will not recognize the forced sale of CITGO, which is carried out in flagrant disregard of the economic guarantees, due process and the right to defense guaranteed by any civilized nation.

Likewise, it confirms that it will continue to adopt all the measures at its disposal to avoid the consummation of the definitive dispossession of CITGO, while reserving the exercise of actions against any company or individual that acquires the shares, facilitates the purchase or negotiates with the assets. of CITGO, as well as against those responsible for the dispossession of this asset of great importance for the present and future of Venezuelans.

The Venezuelan people will know how to respond, in great national unity, to reject this brazen theft by the government of the United States of America together with the criminals of Venezuelan extremism.

Venezuela will always win!

Caracas, June 17, 2024

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