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13.10.26 - 03:48
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Colombia′s Richest Man Turns Venezuelan Oil Contract Into $500 Million GeoPark Stake (ZeroHedge)
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Colombia's Richest Man Turns Venezuelan Oil Contract Into $500 Million GeoPark Stake
Colombian billionaire Jaime Gilinski is positioned to take control of GeoPark Ltd., a Latin American energy producer, after converting a Venezuelan oil agreement secured at almost no upfront cost into an equity stake initially valued at more than $500 million, according to Bloomberg.
The transaction illustrates the competition for Venezuelan assets following Nicolás Maduro's removal in January and Washington's subsequent relaxation of energy sanctions. Investors with government connections are moving quickly into a country whose enormous oil reserves have suffered from years of mismanagement, sanctions and inadequate investment.
Bloomberg writes that Gilinski, worth approximately $40 billion according to Bloomberg, made his fortune in banking and acquisitions, including his takeover of food manufacturer Nutresa SA. His son Gabriel reportedly visited Caracas more than ten times this year, meeting with acti...
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29.09.26 - 05:33
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Colombia Extradites Alleged Drug Lord ′The Spider′ To California (ZeroHedge)
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Colombia Extradites Alleged Drug Lord 'The Spider' To California
A Colombian rebel commander nicknamed “The Spider” is now in U.S. custody after a change in leadership in Bogotá cleared the way for his extradition, according to CBS.
Geovany Andres Rojas, also known as “Araña,” was transferred to California over the weekend, where prosecutors have charged him with drug trafficking and terrorism offenses tied to his alleged role in Colombia's cocaine trade.
Rojas was a senior figure in Comandos de la Frontera, an armed organization operating primarily in Putumayo, a major coca-producing region near Colombia's borders with Ecuador and Peru.
Colombian authorities arrested him in February 2025, and the country's Supreme Court later authorized his extradition. But the transfer stalled under former President Gustavo Petro, whose government was pursuing negotiations with several armed factions. Petro gave Rojas a role in those talks, effectively keeping him in Colombia while negotiation...
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