𝗩𝗲𝗻𝗲𝘇𝘂𝗲𝗹𝗮𝗻 𝗢𝗶𝗹 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗚𝗿𝗼𝘄𝘀 𝗔𝗺𝗶𝗱 𝗨𝗦 𝗖𝗮𝗹𝗹

𝗩𝗲𝗻𝗲𝘇𝘂𝗲𝗹𝗮𝗻 𝗢𝗶𝗹 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗚𝗿𝗼𝘄𝘀 𝗔𝗺𝗶𝗱 𝗨𝗦 𝗖𝗮𝗹𝗹

US investment groups are targeting Venezuela oil assets. This follows a call from President Donald Trump for $100 billion in investment to rebuild the energy industry.

Key developments in the sector:

• Lionheart Capital plans to merge Lionheart Holdings with Keo Energy.
• This merger aims to create the first Nasdaq-listed company for direct access to Venezuelan oil.
• Lionheart Holdings raised $230 million in a 2024 public offering.
• Keo Energy holds a 40% stake in PetroUrdaneta.
• PetroUrdaneta controls onshore oilfields in the Maracaibo Basin.
• Current production is under 2,000 barrels daily.
• Investment targets aim to raise production to 54,000 barrels daily by 2029.

Regulatory changes and new laws:

• Washington lifted sanctions on US firms in the oil sector.
• A new hydrocarbons law allows private companies to operate wells directly.
• This law reduces the role of the state-owned company PDVSA.
• Energy groups Repsol, Eni, and Shell signed agreements to enter the sector.

Other investment activities:

• Amos Global Energy Management is seeking to raise $2 billion for Venezuelan assets.
• Yorkville Advisors launched a SPAC to raise $200 million for a Venezuelan business.
• Grupo Cisneros secured two-thirds of a $1 billion fund named Intrépida.
• Intrépida targets agribusiness, communications, and real estate.

Source: The Times of India