Question 11 of 20 in In The News 2019
Started Mar 01, 2019 06:00PM UTC   •   Closing Aug 01, 2019 06:59AM UTC

Before 1 August 2019, will Citgo Petroleum Corporation or any of its wholly-owned subsidiaries (Citgo) file for bankruptcy protection in the United States?

While Citgo, owned by Venezuelan state oil company PDVSA, is distancing itself from PDVSA on many levels in an effort to avoid U.S. sanctions, the firm faces other obstacles CNBC, U.S Treasury, Reuters, Wall Street Journal ). There has been speculation that Citgo may file for bankruptcy protection, which the company has denied (Yahoo, Reuters).

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Name Probability
Yes 5%

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