HOUSTON, April 16 (Reuters) - A U.S. federal court on

Tuesday set June 11 as the deadline to accept binding bids for

shares in a parent of oil refiner Citgo Petroleum, a process

organized to pay creditors for past expropriations and debt

defaults in Venezuela.

A hearing to choose the highest bidder could be held as soon

as July 15, according to an auction schedule released by U.S.

District Court in Delaware.