US-based refiner Citgo seeks $1.2 billion loan amid sanctions push on Venezuela – report
The subsidiary of Venezuelan state oil company PDVSA, Citgo, which earlier severed ties with its US sanctions-targeted parent company, is seeking a $1.2 billion loan to secure its daily operations, according to Bloomberg. The move is aimed at refinancing the company’s debt maturing this year, the report said, citing a presentation for investors given by…