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
Local sources: Civilians, including children and women, were injured in the al-Maqous neighborhood of Sweida, in Syria, as a result of ongoing clashes
Israeli media outlet: Security incident reported in the Gaza Strip
Iranian Foreign Ministry spokesperson: No new date or venue has been set for the meeting between Araghchi and Witkoff, and no negotiations will take place until the outcome is guaranteed
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed

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

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

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