What is happening to the Venezuelan opposition-controlled boards overseeing Citgo Petroleum, and when is it expected to occur?

The Venezuelan opposition-controlled boards that have supervised Citgo Petroleum for the past seven years are preparing to wind down as soon as this month, following a shake-up by interim President Delcy Rodriguez. According to two sources involved in the preparations, this transition is underway without prior discussion and stems from Rodriguez’s government no longer recognizing the boards as valid legal or political entities.

Why is the interim Venezuelan government ending the opposition's oversight of Citgo, and what key legal step has it taken to assert control?

The interim Venezuelan government, led by Delcy Rodriguez, is ending the opposition's oversight of Citgo to regain control of the U.S.-based refiner after its administration—installed following Nicolás Maduro’s capture by the U.S. in January—was formally recognized by Washington. A key legal step taken is the replacement of law firms previously hired by the opposition-led National Assembly to represent Venezuela and PDVSA in international lawsuits and arbitration cases, as documented in U.S. court filings.

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Venezuela's opposition to soon lose Citgo oversight, sources say

Sep 9, 2026

Venezuelan interim President Delcy Rodriguez is regaining control of U.S. refiner Citgo Petroleum, ending seven years of opposition-led oversight following formal U.S. recognition. Supervisory boards are set to wind down this month after legal representation was swapped.

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