Gabriel Gilinski reveals details of the business with Geopark to invest in Venezuela and Argentina
A new business move shook the Latin American energy sector on the morning of March 5, when Grupo Gilinski announced its entry into the oil company GeoPark after acquiring 20% of the company through an investment of approximately US$107 million.
TL;DR
- Grupo Gilinski acquired 20% of GeoPark for approximately US$107 million via Colden Investments S.A.
- The investment is intended to support GeoPark's growth, with a strategic focus on expansion in Latin America, particularly Venezuela and Argentina.
- Key opportunities identified include the Vaca Muerta formation in Argentina and the potential to increase production in Venezuela.
- The Gilinski Group expressed confidence in GeoPark's management team, led by Felipe Bayón.
- The goal is to build a significant regional energy platform, not just increase crude oil production.
- Gabriel Gilinski prefers to remain politically agnostic and focus on the economic logic of projects, emphasizing the need for investment and trust for economic growth.
- Gilinski supports responsible energy development that generates resources for public welfare.