Citgo organization
also: state oil company subsidiary, Sitco, Setko, Sitko, Zitco Oil, Sitco Petroleum
Explore in graph → Export claims (CSV) ↓
Related entities (most co-mentioned)
Venezuelacountry · 8United Statescountry · 8Delaware Courtorganization · 6Jose Ignacio Hernandezperson · 4Owens-Illinoisorganization · 4Corelixorganization · 3Juan Guaidóperson · 3Koch Industriesorganization · 2Ricardo Hausmannperson · 2PDVSAorganization · 2Corporate Coupbook · 1Jorge Rodriguezperson · 1Northrop Grummanorganization · 1ExxonMobilorganization · 1Royal Dutch Shellorganization · 1Air Canadaorganization · 1
Claims (5)
Corelix carried_out_attack
Citgo book_quoted
“She just got kicked out of the space, too. When a court rules that one corporation, such as Corelix, can see shares belonging to another, such as Sitco, as a debt payment, the shares are not directly transferred company to company. Rather, …”
▶ The Colonels Corner Corporate Coup Venezuela Part 14 @ 3:21
Koch Industries carried_out_attack
Citgo book_quoted
“had granted additional corporate behemoths, including Koch Industries and Air Canada, favorable rulings against Venezuela's government. Taken together, these interests threatened to kill Sitco once and for all because they had already set t…”
▶ The Colonels Corner Corporate Coup Venezuela Part 14 @ 6:57
Owens-Illinois carried_out_attack
Citgo book_quoted
“Owens, Illinois proceeded to mimic Krillick's legal strategy against Sitco. So it's literally a takedown of Sitco. The essence of the complaint was familiar, including Sitco's holding and Sitco Petroleum as Delaware corporations. Like Krill…”
▶ The Colonels Corner Corporate Coup Venezuela Part 14 @ 8:25
Northrop Grumman carried_out_attack
Citgo book_quoted
“Economic wizzo Ricardo Haussmann himself proved that Sitco's assets were, in fact, indistinguishable from the state. Beneficiaries of this March 2023 ruling included U.S. defense contractor Northrop Drummond and Ohio-based glassmaker Owens …”
▶ The Colonels Corner Corporate Coup Venezuela Part 14 @ 24:44
Citgo member_of
PDVSA book_quoted
“followed proper procedure while managing the PDVSA, which is the mother company in Venezuela of Zitco Oil. When confronted about his relationship with Owens Illinois by a newspaper, Hernandez simply remarked, I was not a lawyer for the comp…”
▶ The Colonels Corner Corporate Coup Venezuela Part 14 @ 9:05
Mentions (13)
▶ 0:00
Okay, hopefully Bridget will be joining us in a minute. We're going to go ahead and get started. X is acting a little weird, trying to kick me out of my own space, but we're just going to go with it. So where we left off in the Corporate Co…
▶ 1:36
follow along. Considering Hernandez had done the complete opposite of protecting Venezuelan's asset as the fake Attorney General, instead taking deliberate actions that placed Sitko's entire existence on the line. Vecchio and Haasman's homa…
▶ 3:21
She just got kicked out of the space, too. When a court rules that one corporation, such as Corelix, can see shares belonging to another, such as Sitco, as a debt payment, the shares are not directly transferred company to company. Rather, …
▶ 3:55
to pay the claim. That's the normal process. Their auction, Rodriguez explained, in Sitko's case, this meant the court would oversee the fire sale of roughly $1.2 billion worth of assets, including gas stations, oil pipelines, oil terminals…
▶ 4:27
that was settled by this fake court. Through the process, oil industry rivals, including Shell, BP, and ExxonMobil, would gain a chance to expand their share of U.S. oil market by scarfing up Sitco's assets. As established in Chapter 9, tho…
▶ 6:57
had granted additional corporate behemoths, including Koch Industries and Air Canada, favorable rulings against Venezuela's government. Taken together, these interests threatened to kill Sitco once and for all because they had already set t…
▶ 7:27
its own stake in Sitco. The Kirillix case has a lot of implications because it completely opens the door to the whole of Venezuelan assets in the United States. Remarkably, Kirillix was not the only corporate vulture that weaponized Hernand…
▶ 8:25
Owens, Illinois proceeded to mimic Krillick's legal strategy against Sitco. So it's literally a takedown of Sitco. The essence of the complaint was familiar, including Sitco's holding and Sitco Petroleum as Delaware corporations. Like Krill…
▶ 9:05
followed proper procedure while managing the PDVSA, which is the mother company in Venezuela of Zitco Oil. When confronted about his relationship with Owens Illinois by a newspaper, Hernandez simply remarked, I was not a lawyer for the comp…
▶ 23:45
a perverted allegiance that ultimately placed his country's most valuable asset, Sitco Petroleum, in peril. A Delaware court confirmed this fact in March 2023 when it ruled that four additional foreign corporations could collect debts owed …
▶ 24:16
was nothing new. This time, the court explicitly cited the actions of Guaido's government that really didn't even exist for its basis. The court specifically asserted that Guaido's policy of treating Venezuelan sovereign debt as equal to de…
▶ 24:44
Economic wizzo Ricardo Haussmann himself proved that Sitco's assets were, in fact, indistinguishable from the state. Beneficiaries of this March 2023 ruling included U.S. defense contractor Northrop Drummond and Ohio-based glassmaker Owens …
▶ 27:39
in their recognition of Guido, merely a veil to grab Sitco, because that's, in fact, what it was used for, which is absolutely crazy. I just sent you a co-host, Bridget, into SR. Renee here was here earlier, but then she disappeared.…