Business & Economy
How Trump could wrest Citgo from Elliott Management and hand it back to Venezuela
Early this year, it seemed all but certain that Citgo Petroleum—the Houston oil refiner familiar to American drivers, but little known as a Venezuelan subsidiary—was about to fall into the hands of a U.S. activist hedge fund .
AI Summary
Early this year it appeared that Citgo Petroleum, the Houston‑based refiner owned by Venezuela, was likely to be taken over by a U.S. activist hedge fund. In November 2025 a Delaware federal judge ordered the company’s sale to Elliott Management. Elliott’s affiliate, the startup Amber Energy, was also named as a buyer.
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