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

 

 

By Reuters

CARACAS
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.

reuters.com /
05 08 2018

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