oil platform: An oil platform seen at Maracaibo lake in Cabimas, according to The Toronto Star. Venezuela struck a billion-dollar deal to pay off one of the country's creditors, Crystallex International Corp. The agreement resolves legal actions against state-owned Petr leos de Venezuela SA that sought to wrest control of Citgo, Venezuela's U.S. refining subsidiary and a critical source of dollar revenues for the cash-strapped country. ANA MARIA OTERO / The Associated Press The deal calls for President Nic las Maduro's government to pay off one of Venezuela's creditors Crystallex International Corp., a defunct Canadian mining company trying to collect on a 1.4 billion arbitration judgment. Under the settlement, Crystallex agreed to suspend a planned auction of shares in Citgo's parent company. A U.S. court had authorized the seizure of Citgo's U.S. corporate parent to compensate Crystallex for that debt.
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