Venezuela Opposition Presses US Officials to Halt Citgo Sale (1)

Venezuela’s opposition is ramping up lobbying efforts in Washington, trying to persuade the Biden administration to intervene in the court-ordered sale of Citgo Petroleum Corp.’s parent company in the US.

The company is the South American nation’s most important foreign asset and its shares are due to be auctioned by July 15. The opposition fears Nicolas Maduro could blame them for Citgo’s loss ahead of crucial presidential elections set for the end of next month.

So the opposition-appointed, ad-hoc board that represents state oil company Petróleos de Venezuela SA in US courts is seeking congressional support for measures that ...