January 2022 now.
This back and forth with the Special Master, Judge, Citgo, KRY etc re sale of Citgo, which will never happen, is a waste of time, effort and money. I think this extension is tied in with the meetings going on in Mexico. Selling Citgo is a dead deal. So much money spent for naught is sad, very sad and disgusting, playing with people's minds and their huge investment. Payment, if ever, will have to come from some other place. But Where!! Elections in November 2021.
REPEAT Aug 24, 2021
My expectations are low when I read this.
"As Special Representative Abrams has explained:
"The efforts by creditors to enforce judgments against Venezuela by taking immediate steps toward a conditional sale of PdVSA’s U.S.-based assets, including PDVH and CITGO, are detrimental to U.S. policy and the interim government’s priorities. Should these assets be advertised for public auction at this time, the Venezuelan people would seriously question the interim government’s ability to protect the nation’s assets, thereby weakening it and U.S. policy in Venezuela today. Whatever the eventual settlement of Venezuela’s debts or the fate of other accounts or assets, CITGO today is a special case.
"Every Venezuelan knows of this company and it is viewed, as are Venezuela’s oil reserves, as a central piece of the national patrimony. It is clear that its loss through a forced sale in a U.S. court would be a great political victory for the Maduro regime, which has already claimed that the United States and Guaidó are conspiring to ‘steal’ CITGO. The impact on Guaidó, the interim government, and U.S. foreign policy goals in Venezuela, would be greatly damaging and perhaps beyond recuperation."
The Treasury Dept will have the last say.