04:37 PM EDT, 07/02/2024 (MT Newswires) -- (Updates with Vitol's response and efforts to reach CVR Energy ( CVI ) and Elliott Investment Management.)

CVR Energy ( CVI ) , the oil refiner controlled by billionaire investor Carl Icahn, has submitted a binding offer for shares in the parent of Venezuela-owned Citgo Petroleum, Reuters reported Tuesday, citing three people familiar with the matter.

A US court in Delaware is auctioning the shares to pay creditors that have $21.3 billion in claims against Venezuela for expropriations and defaults, according to the report. Other investors - including Vitol and Elliott Investment Management - have also been considering potential bids.

Vitol declined to comment to MT Newswires. CVR Energy ( CVI ) and Elliott Investment did not immediately respond to a message seeking comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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