The Venezuelan National Assembly unanimously condemned the US “plundering” of CITGO in collusion with the “national far right.” Assembly President Jorge Rodríguez proposed stripping the Venezuelan government of the implicated officials.
In a special extraordinary session, the Venezuelan National Assembly (AN) unanimously condemned on Tuesday the “illegal” sale of the oil company CITGO, the country’s main asset in the United States. It also proposed revoking the citizenship of “leaders” of the “Venezuelan far right” implicated in the “takeover.”
The legislative body approved the resolution condemning the sale of the Venezuelan company by the US government and “sectors of the national fascist right,” in accordance with Article 111 of the National Assembly’s Rules of Procedure and Debate.
During the debate, Jorge Rodríguez, president of the AN, emphasized the need to apply the Law on Extinction of Ownership and the Simón Bolívar Liberator Law to “punish” those responsible. He proposed urging the National Executive to revoke the citizenship of José Ignacio Hernández, Dinora Figuera, Carlos Vecchio, Juan Guaidó, and Horacio Medina, identified as the “main ringleaders” of the “gigantic theft” of CITGO.
#Venezuela | The National Assembly will hold a plenary session to appoint a special commission to investigate extrajudicial executions and human rights violations committed by United States military forces in the country’s territorial waters or nearby.https://t.co/eLRHP0l5bf— teleSUR English (@telesurenglish) December 2, 2025
Rodríguez argued that Article 130 of the Constitution of the Bolivarian Republic of Venezuela, the basis for the drafting of the Organic Law of the Liberator Simón Bolívar, establishes the duty of Venezuelans to “honor and defend the Homeland,” as well as to “safeguard and protect its sovereignty.” Anyone who fails to fulfill this duty, he insisted, denies their Venezuelan identity and, therefore, is not deserving of citizenship.
For his part, Pedro Infante, First Vice President of the National Assembly and president of the investigative commission on the Venezuelan refinery, pointed out that the approval of the irregular sale demonstrates the lack of respect in the United States for the right to property and the defense of Venezuela.
The investigations identified 351 individuals responsible for the “plunder,” who will be subject to sanctions. These include 94 former members of parliament from the 2015 legislature, as well as 108 “pseudo-officials” linked to parallel institutions. Finally, 149 NGO directors who allegedly received funding from the Simón Bolívar Foundation of CITGO were also implicated. Deputy Iris Varela requested the publication and confiscation of the collaborators’ assets.
The Fraudulent Authorization of the Sale of CITGO
In an act that consolidates one of the largest expropriations of the modern era, a U.S. federal judge approved the forced sale of CITGO Petroleum, the main international subsidiary of Petróleos de Venezuela (PDVSA). This ruling, issued by Judge Leonard P. Stark in Delaware, represents the culmination of a long, politically charged legal process aimed at depriving the Venezuelan state of a strategic asset valued at billions of dollars.
The transaction, approved for $5.9 billion in favor of Amber Energy, constitutes a true “theft,” according to expert analysis, given that the company’s real value is between $11 billion and $13 billion. Professor and analyst Werther Sandoval describes it bluntly: “The collusion, the coven, the legal-political alliance of US jurisprudence with the puppet government and the vulture creditors… will steal CITGO from PDVSA with the swindle of collecting a debt that doesn’t belong to PDVSA, but to the Bolivarian Republic of Venezuela.”
The Venezuelan National Assembly expressed its criticism of the robbery of the Venezuelan corporation #CITGO Petroleum by the U.S. government and leaders of the national fascist far-right. On Tuesday, the Plenary resolved to request that the National Executive that the… pic.twitter.com/uW30ySV6pe
— teleSUR English (@telesurenglish) December 2, 2025
The mechanism for this dispossession was set in motion after the Trump administration’s illegitimate recognition of a parallel government in Venezuela in 2019. Sandoval explains that it was then that “the sham [Guaidó’s government] ballooned [the debt] to $23.6 billion to make it unpayable and thereby exacerbate the creditors’ financial woes in order to sue and seize Citgo.” This strategy violated the capitalist legal principle of the alter ego or corporate veil, which protects a subsidiary from the debts of its parent company.
As the analysis details, “prior to Guaidó’s usurpation, CITGO was never over-indebted… Venezuela, even up until 2019, before the self-proclamation, fully complied with its payment obligations.” The illegal takeover of the board of directors by figures aligned with the opposition, such as Luisa Palacios and Carlos Jordá, paved the way for vulture funds to file massive lawsuits in U.S. courts.
The Dual Objective
The ambition for CITGO is not new. Sandoval recalls historical warnings, such as those from former President Carlos Andrés Pérez, that owning a refinery 100% in the U.S. made it “vulnerable and susceptible to protectionist measures.” The dual objective was, on the one hand, to strangle a vital source of foreign currency for the Bolivarian nation and, on the other, to seize a profitable industrial complex that for decades has disproportionately benefited the U.S. economy.
“CITGO was acquired to ship Venezuelan oil at below-market prices, at a discount, which results in the delivery of large sums of money.”
Author: HGV
Source: Asamblea Nacional
0 Comentarios