Bloomberg Law
Jan. 31, 2019, 10:49 PM UTC

Citgo Said to Hire Lawyers to Weigh Options Including Bankruptcy

Steven Church
Steven Church
Bloomberg News
Eliza Ronalds-Hannon
Eliza Ronalds-Hannon
Bloomberg News
Davide Scigliuzzo
Davide Scigliuzzo
Bloomberg News

Citgo Petroleum, the U.S. refiner controlled by Venezuela’s state-owned oil company, has hired law firm Willkie Farr & Gallagher to help it weigh strategic options, including a potential bankruptcy filing, according to a person familiar with the matter.

A bankruptcy filing is not high on the list of options being considered, the person said, asking not to be named because the discussions are private. Boies Schiller Flexner LLP is also advising Citgo on strategic alternatives, a separate person said.

Citgo, Venezuela’s crown jewel in the U.S., said through a spokesman that it has no intention of entering bankruptcy proceedings and ...

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