The Bogota-based producer, backed by Colombia's wealthiest family, is finalizing these supply agreements to facilitate the start of its production in the region. Bayón discussed the negotiations during an interview at an oil and gas conference in Caracas, where he noted that access to the thinner is critical for processing Orinoco Belt crude.
Tuesday, October 20, 2026
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GeoPark Negotiates Diluent Deal With PDVSA for Orinoco Production
Commodities20 days ago
A US-led effort to restore Venezuelan oil output is being monitored by several energy firms as they establish operations in the country's Orinoco Belt. GeoPark Ltd is in negotiations this week with Petroleos de Venezuela SA for shipments of diluent, a light petroleum product used to thin extra-heavy crude so it can flow through pipelines, according to Chief Executive Officer Felipe Bayón.
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