Colombia's Richest Man Turns Venezuelan Oil Contract Into $500 Million GeoPark Stake
6 Articles
6 Articles
Colombia’s richest man, Jaime Gilinski, will turn the rights to a large oil field in Venezuela into a controlling stake in Latin American company GeoPark Ltd. The stake is valued at about $500 million, Bloomberg reports. The deal is related to the Bare field in the Orinoco River belt. Gilinski signed a 25-year development contract with the Venezuelan government in September. According to Bloomberg, the rights to the field were acquired for minim…
Jaime Gilinski, the richest man in Colombia, is about to convert a contract for a Venezuelan oil field that cost him virtually nothing in a $500 million share in a Latin American crude producer that is now about to control, Bloomberg points out. The way Gilinski got the [...] La entrada Bloomberg Jaime Gilinski's bold $515 million move with a Venezuelan oil field was first published in HispanoPost.
Illustrative image Photo: PexelsGilinski converts Venezuelan oil contract into $500 million in GeoPark
After years of mismanagement and paralysing sanctions, Venezuela emerged as the epicenter of the reaffirmation of the hemispheric hegemony of the Trump government
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