Venezuelan president encouraged Colombian businesspeople to invest in her country

▤ Summary

GeoPark announced its entry into Venezuela through the acquisition of the Bare block in the Orinoco oil belt. The company will operate the asset under a 25-year productive participation contract with Pdvsa and fund 100% of the approved capital investments. The deal marks a major expansion for GeoPark and supports its plan to grow production through 2030. Jaime Gilinski also highlighted the group’s long-term commitment to investment in Venezuela and broader regional cooperation.

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