Vitol Is Said Among Bidders for Venezuela-Owned Citgo’s Parent

Vitol Group, the world’s biggest independent oil trader, is among suitors that submitted bids for the parent company of refiner Citgo Petroleum Corp., according to people familiar with the matter.

A US federal court in Delaware is running an auction for PDV Holdingto satisfy more than $20 billion in claims against Venezuela and its state-owned oil company Petroleos de Venezuela SA, with bids due last week.

Vitol joins a list of bidders that includes Canadian miner Gold Reserve Inc. that are vying for Citgo’s parent. A hearing for the sale is scheduled for July 15, and ...