Gold Reserve Emerges as Top Bidder for Venezuela's Citgo
Robert Pincus, the special master overseeing the forced sale of Venezuela's stake in Citgo, said in court papers filed Wednesday that the bid from Gold Reserve's Dalinar Energy is the highest and best offer. Citgo, among the largest U.S.-based oil refiners, is being auctioned to cover debts owed to bondholders and multinational corporations by its owner, the bankrupt Venezuelan government.
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