The U.S. court overseeing the court-ordered auction of Venezuela’s PDV Holding, the parent company of refiner Citgo Petroleum, has requested an additional three weeks to evaluate the bids for the seventh-largest refiner in the United States. The U.S. federal court in Delaware accepted, until mid-June, binding bids in the second bidding round for the shares of Citgo’s parent company, as creditors and claimants seek compensation for asset nationalization under Hugo Chavez and failure to repay debts under Nicolas Maduro. The deadline for…
