Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

Maduro accuses US of "biggest theft in history" over Citgo sale

  • By Al Mayadeen English
  • Source: Agencies
  • 5 May 2023 15:41
  • 2 Shares
2 Min Read

The Venezuelan President highlights that opposition leader Juan Guaido was responsible for backing such a decision.

  • x
  • Nicolas Maduro speaking at the second Synergy Productive Meeting for the Agri-Food Chain.
    Venezuelan President Nicolas Maduro speaking at the second Synergy Productive Meeting for the Agri-Food Chain, photographed on May 4, 2023 (Venezuelan Government)

Venezuelan President Nicolas Maduro accused on Thursday US President Joe Biden's administration of theft over the proposed sale of oil refiner Citgo, a subsidiary of Venezuelan state oil company PDVSA and Venezuela's most important overseas asset.

This comes after a court in the American state of Delaware ruled that shares of Citgo can be sold to creditors to pay off Venezuela's debt with the endorsement of the US Treasury of Foreign Assets Control (OFAC). 

This implies that US authorities will seek to lift immunizing measures on Citgo from seizure to force through the sale of the refiner.

"What Joe Biden's government is doing is one of the thefts, one of the biggest lootings that has ever taken place against any nation in the world and we reject it," Maduro said. 

Venezuelan Vice President Delcy Rodriguez likewise pointed out on Wednesday that the US court ruling is "absolutely null and void," and that the "judicial auction of Citgo" enables "fraud and authorizes the self-proclaimed 'National Assembly of 2015' to initiate negotiation processes with the PDVSA's creditors."

Related News

Venezuela's top court issues sentences for "Citgo 6"

"We will not recognize any type of payment agreement to any creditor that has not been led by the Venezuelan State," Rodriguez stressed.

Rechazamos y repudiamos enérgicamente el robo de CITGO, por parte del gobierno de los EE. UU. y la Plataforma Unitaria. ¡Es un robo descarado al pueblo de Venezuela! Una empresa que desde hace cuatro años fue secuestrada. pic.twitter.com/uh2sGoVDlF

— Nicolás Maduro (@NicolasMaduro) May 2, 2023

The Venezuelan President further highlighted the fact that opposition leader Juan Guaido was responsible for backing such a decision. 

After the 2018 presidential election that regenerated Nicolas Maduro as President, Guaido declared himself Venezuela’s alleged "interim president" in 2019. However, US-backed opposition lawmakers voted in January to strip him of that role and instead appoint a committee to run what they call their "interim government".

In late April 2023, Colombia hosted a summit in Bogota in which delegations from 20 different countries - including the US - took part in to debate easing sanctions on Venezuela if guarantees for the opposition were granted in the upcoming 2024 elections. 

Maduro stressed that the decision on Citgo is aimed at undermining such efforts and that the theft was already schemed between Guaido and the US before the Bogota conference kicked off last month.

Read more: Venezuelan supreme court charges new opposition leader

  • Citgo
  • US
  • Venezuela
  • Venezuelan oil
  • Juan Guaido
  • Nicolas Maduro

Most Read

Why is Choose Love using a firm with British and US intelligence connections to run a pro-Palestine musical event? (Al Mayadeen English; Illustrated by Batoul Chamas)

Together for Palestine: Troubling questions about the organisers of this huge event

  • Opinion
  • 17 Sep 2025
Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
A screengrab from the ad played on Fox News. (X Screengrab)

Fox airs ad warning Trump not to let Netanyahu 'play' him on Gaza

  • US & Canada
  • 11 Sep 2025
Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

  • Palestine
  • 14 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A Hezbollah supporter who lost his sight in a pager attack carried out by "Israel" on Sept. 17, 2024, covers his eyes with a red headband inscribed with the name "Hussein" during Ashoura, July 6, 2025 (AP)
Politics

'We Have Recovered': Lebanon marks 1st anniversary of Pager Attack

The Arab neighborhood of El Za'im, on the outskirts of east Occupied Al-Quds in the West Bank, near where Israeli government says housing units will be built as part of the E1 settlement project, Thursday, August 21, 2025. (AP Photo/Ohad Zwigenberg)
Palestine

'Israel’s' deliberate policies drive West Bank economy toward collapse

Ben & Jerry's ice cream shop, Wednesday, Feb. 26, 2025, in Cambridge, Mass. (AP Photo/Charles Krupa)
Politics

Ben & Jerry’s co-founder resigns over parent company curbing activism

Trump’s approval rating falls to new low in second term: Poll
US & Canada

Trump’s approval rating falls to new low in second term: Poll

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS