https://www.live-feeds.com/feed/colombia-billionaire-set-for-500-million-venezuela-oil-windfallContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/colombia-billionaire-set-for-500-million-venezuela-oil-windfallhttps://www.live-feeds.com/feed/colombia-billionaire-set-for-500-million-venezuela-oil-windfall#u123767Thu, 15 Oct 2026 11:50:15 +0000Colombian billionaire Jaime Gilinski is positioned to take majority control of Latin American energy producer GeoPark. Gilinski is exchanging rights to the Bare oil field in Venezuela for shares valued between $500 million and $514 million. He originally secured the Venezuelan oil field agreement for almost no upfront cost. The transaction moves Gilinski closer to a dominant equity stake in GeoPark, which recently reported stronger second-quarter revenue. GeoPark stock closed at EUR 10.20 as the company prepares for upcoming November results.Why it mattersThe transaction allows Gilinski to lev