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Juan Guaido

Politics of Oil: CITGO Bond Holders Facing a Guaido Haircut

Reuters reports that Venezuelan opposition leader Juan Guaido has hired Cleary Gottlieb, a Washington law firm skilled in debt negotiations, to help him on the path he hopes will bring him to power. The most immediate task for a potential restructuring is protecting Citgo, a U.S. refiner owned by PDVSA [Venezuela’s state-owned oil company]. The...