HOUSTON, Sept 15 (Reuters) - A request by special

purpose acquisition company Blue Water to extend a final sale

hearing in the U.S. court-ordered auction of shares of Citgo

Petroleum's parent to consider its bid was denied by a Delaware

judge on Monday.

Blue Water Acquisition Corp last week submitted an offer

valued at $10 billion for the parent of Venezuela-owned refiner

Citgo, which included a $3.2 billion settlement proposal to

holders of a defaulted Venezuelan bond. The bid arrived after

deadlines for submitting and improving bids.