FILE PHOTO: The Citgo Petroleum Company headquarters are pictured in Houston, Texas, U.S., February 19, 2019. REUTERS/Loren Elliott/File Photograph
(Reuters) – Rival boards of administrators of U.S. refiner Citgo Petroleum Corp, one appointed by Venezuelan President Nicolas Maduro and one other named by opposition chief Juan Guaido, are disputing management of $57 million of crude oil stranded at sea.
In a Tuesday submitting in a U.S. courtroom, the Guaido-appointed board alleged that the Maduro-appointed board despatched a letter to the captain of the Gerd Knutsen oil tanker requesting that 950,000 barrels of crude on board be launched to Venezuelan state oil firm Petróleos de Venezuela, S.A., often called PDVSA, which owns Citgo.
The Guaido-appointed board is requesting a courtroom order declaring the letter null, saying that the crude belongs to Citgo and never its mother or father firm.
The dispute comes after a Delaware Chancery Courtroom choose in August confirmed the Guaido-appointed board’s proper to manage the corporate. Guaido, the president of the opposition-held Nationwide Meeting, was…