# Citgo Houston-based refiner (three U.S. refineries) owned by [[PDVSA]] through the Delaware entity PDV Holding — the structure that let Venezuela's creditors reach it. After Crystallex's 2018 alter-ego ruling, the U.S. District Court for Delaware auctioned PDV Holding and in late November 2025 approved a $5.892 billion bid from Amber Energy, an affiliate of [[Elliott Management]]. Closing still required an OFAC license as of mid-2026. ## See also - [[PDVSA]] · [[Venezuela]] · [[Sanctions Designation Pipeline]]