According to Bloomberg Markets, Colombia's wealthiest family is advancing negotiations on an oil project involving Venezuela, in partnership with GeoPark Ltd., a Bogota-based energy company. The Gilinski family maintains the largest shareholding in GeoPark, controlling approximately 28 percent of the firm, positioning it to lead any such international ventures.
The potential deal represents a significant cross-border energy initiative in a region where international investment and geopolitical considerations continue to shape business prospects. Sources familiar with the discussions, who requested anonymity due to the confidential nature of negotiations, indicate the parties are in advanced stages of finalizing terms.
Such a move would expand the Gilinski family's energy portfolio and potentially signal renewed investor interest in Venezuelan oil assets amid ongoing economic and political developments in the country.
