campobare

📊 A ray of hope for the Venezuelan economy
News about foreign investment in Venezuela’s oil sector always raises alarms and expectations. This time, Colombian billionaire Jaime Gilinski is close to closing an agreement to operate the Bare field, located in the Orinoco Oil Belt, according to Bloomberg. For us, this is not just about barrels, but a sign that could directly affect what matters most to ordinary Venezuelans: the dollar and the flow of foreign currency into the country.

This Friday, Grupo Gilinski and GeoPark formalized an agreement with PdVSA for the development of the Bare field, in the Orinoco Oil Belt. An agreement that, according to its protagonists, is not just a business deal, but “a declaration of confidence in Venezuela’s future.” For PitbullChain, what matters goes beyond the barrel: it is about a symptom of what is to come in terms of dollar inflows, inflationary pressure, and the behavior of the cryptocurrency and P2P market.
## Why does the Bare field matter?

GeoPark stopped speaking in the conditional. The Canadian-capital oil company landed concrete figures about Venezuela: an investment plan that could scale up to US$140 million per year to revive the Bare field in Zulia, under a 25-year productive-participation contract. For a market used to surviving on scraps of information, an announcement like that doesn’t go unnoticed—especially for those who every day buy and sell USDT in Telegram groups.
📊 What GeoPark signed (and why it’s not smoke)