on Wednesday Judge Leonard Stark of the US Delaware District Court authorized a special master to conduct a marketing and sales process for a “contingent auction” of CITGO shares “including selecting a winning bid.” However, the ruling clarified that the company’s shares will not be transferred until the winning bidder obtains a license from the US Treasury Department’s Office of Foreign Assets Control (OFAC), which currently blocks any attempt to sell or auction the US $8 billion-worth Venezuelan asset.

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