US court to reschedule final sale hearing in auction of Citgo parent

HOUSTON, Aug 14 (Reuters) - A U.S. federal court approved on Thursday the rescheduling of a long-awaited sale hearing originally planned for next week to decide the final winner of an auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to a filing, following new unsolicited bids and objections.

The change could add delays to the 8-year court case, first introduced by miner Crystallex against Venezuela and that has opened the door for more than a dozen additional creditors to seek compensation for debt defaults and expropriations in the South American country.