Jaime Gilinski, the richest man in Colombia, and his son Gabriel Gilinski They invested US$ 107 million in the energy company GeoPark Ltd.a Latin American independent oil and gas producer, as a way to enter the Venezuelan oil sector.
The Colombian billionaire noted that the Gilinski Group entered the energy world after acquiring 20% of the company’s sharesthrough an investment.
«Our entry into GeoPark, under the best terms, was agreed with the board of directors and the administration. “It is a measure to support and enable growth.”he indicated in an interview with The Colombian FM.
The businessman from New Granada also pointed out that the purpose of the Gilinski Group is to expand throughout Latin Americaespecially in countries like Venezuela and Argentina, given that the region’s energy potential is broad.
However, he clarified that To have a presence you need investment and capital: “There is energy in Colombia, but that requires investment, and we are going to do that.”
Potential of the Venezuelan oil market
Gabriel Gilinski stated that There is great potential in the Venezuelan oil marketsince the Caribbean nation produced more than 3,000,000 barrels of oil per day (bpd).
“The biggest opportunity for GeoPark is to be able to penetrate and grow in Venezuela,” the Colombian businessman pointed out.
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