The permanent attack that the government of the United States (USA) keeps against Venezuela, has among its main objectives to seize the oil resources of the Venezuelan people; such is the case of CITGO, a subsidiary of Petróleos de Venezuela S.A (PDVSA) based in the North American country, which is being seized through illegal maneuvers, where the Canadian mining company Cristallex is being used.
On Wednesday, the president of the Republic, Nicolás Maduro, denounced that the National Assembly (AN), in contempt, illegally appointed an alleged attorney of Venezuela in the US, who responds to the name of José Ignacio Hernández, to deliver Citgo to American courts
In that sense, the head of state said that “they have given him power to seize Citgo. Cristallex never had mining rights, never had legitimate titles or property over the Las Cristinas gold mine”, located in the eastern Bolívar state.
The La Tabla website reviews that the Canadian company Cristallex, which illegally obtained permission to seize the Venezuelan company Citgo, is of a doubtful origin, because: “a venture capital fund or hedge fund, called Tenor Capital , is the organization that advances the judicial processes of the foreign firm against Citgo, in order to enforce the arbitration award of the International Center for Settlement of Investment Disputes (ICSID), which in April 2016 ordered Venezuela to pay 1,400 million dollars for a supposed debt”.
Cristallex does not exist, except in the paper and those documents were “bought” by Tenor for only 36 million dollars (according to judicial documents) to manage the legal actions against the Venezuelan state. 70% of the proceeds will be from the Tenor Capital fund, as published La Tabla in its Twitter account.
Tenor was founded in 2004 and is based in New York. It manages more than 3 billion dollars and its flagship business is arbitration management, that is, the impulse of legal claims against the States on behalf of failed companies before international instances.
The new actions taken by the US government violate International Law, as highlighted on Wednesday by Executive Vice President Delcy Rodríguez from the Simón Bolívar Hall of Miraflores Palace.
“It is a complete violation of International Law. The United States has become one of the most dangerous countries for foreign investment, because of the way they want to take over Venezuela’s assets”, said Rodríguez.
In this regard, she blamed the leaders of the Voluntad Popular (VP) opposition party, who have been promoters in the embargo on Venezuelan oil assets: “We have evidences of how these opponents have considered taking over Citgo’s resources”, said Vice President Delcy Rodríguez.
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