Investment firms join Donald Trump’s $100bn race for Venezuelan oil
Financial Times 2026-06-13 10:00:04
Context: The article reports on a new development in the race to invest in Venezuela's oil sector, with two investment firms, Lionheart Capital and Keo Energy, joining the fray. This development comes as various companies and countries vie for access to Venezuela's vast oil reserves, estimated to be worth $100 billion. The involvement of these firms adds to the growing interest in Venezuela's oil industry.
Key Facts
- Lionheart Capital and Keo Energy have joined forces to create a Nasdaq-listed company with the goal of pursuing assets in Venezuela, a move that is part of a larger $100 billion race for Venezuelan oil.
- The two investment firms aim to capitalize on the opportunities presented by Venezuela's oil sector, which has been the subject of intense interest from various companies and countries.
- The creation of the Nasdaq-listed company is a strategic move by Lionheart Capital and Keo Energy to gain access to the vast oil reserves in Venezuela, which are estimated to be substantial.
- Donald Trump is mentioned as being associated with the $100 billion race for Venezuelan oil, although the exact nature of his involvement is not specified in the article.
- No additional facts are present in the article that provide further detailed information on the companies' plans, timelines, or specific assets they intend to pursue in Venezuela.