(Just Like) Starting Over - Bidders to Soon Get a Second Shot at CITGO's U.S. Refineries, Other Assets
RBN Energy Blogcast · John Auers
January 31, 202515m 18s
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Show Notes
The bitter, eight-year legal battle over the fate of CITGO Petroleum’s three U.S. refineries, related pipelines and terminal assets appeared to be at an end last fall, when a federal court gave the green light to Elliott Investment Management’s Amber Energy to purchase the assets for $7.3 billion. But instead of putting an end to the drama, the court restarted the bidding from scratch on December 18. In today’s RBN blog, we’ll discuss what the court’s ruling means for CITGO and its refineries, which have a combined capacity of more than 800 Mb/d.