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Citgo's Debt Extension
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US grants Citgo a three-month extension to negotiate settlements with creditors, paving the way for an auction and potential change of ownership.
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How does this news reflect broader trends in the U.S. oil industry and corporate debt management?
How might the potential change of ownership in Citgo affect its operations and financial stability?
What strategies could Citgo employ to improve its financial position amidst the auction process?
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