CITGO: US court to launch 30-day competition for Citgo parent's shares

The logo of PDVSA's U.S. unit Citgo Petroleum is seen at a gas station in Stowell · Reuters HOUSTON (Reuters) -A U.S. court officer overseeing an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum has proposed to open a 30-day competition period on April 28 to receive bids, with a final winner of the sale process to be selected on June 11, according to a court filing late on Thursday. The proposal, which follows the confirmation of the bidding round's starting offer, is pending approval by the Delaware judge in charge of the case. (Reporting by Marianna Parraga)