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Canadian mining firm Rusoro seeks to seize Venezuela's Citgo assets



By Reuters

Petroleumworld 05 09 2018

Canadian mining company Rusoro is seeking the attachment of assets belonging to Venezuela's U.S.-based refiner Citgo as part of an arbitration dispute, according to a Monday filing in the Southern District of Texas.

In 2016, Rusoro was awarded more than $1.2 billion in damages when a World Bank tribunal ruled that Venezuela had unlawfully seized the company's gold mine.

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Reporting by Brian Ellsworth and Girish Gupta; Writing by Girish Gupta; Editing by Alexandra Ulmer and Sandra Maler from Reuters. /
05 08 2018

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