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Citgo's Auction Amidst Venezuela's Debt
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Venezuela's Citgo faces an auction to settle its debts, potentially leading to a loss for Venezuela and breaking up Citgo's assets. The sale process, set for October 23, aims to pay off creditors with judgments against Venezuela, with opposition from Venezuela's oil minister.
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How could the outcome of the auction affect the future of Citgo and its parent company, PDV Holding?
How might the potential auction of Citgo's assets impact the broader Venezuelan economy and its oil industry?
What are the implications of Venezuela's opposition to the auction for its relationship with the international community?
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