Delcy Rodríguez signs another oil contract with Grupo Gilinski, this time for the Baré block

President Delcy Rodríguez led the signing on Friday of a hydrocarbons production-sharing contract between PDVSA and Beta Resources, a Grupo Gilinski subsidiary, to operate the Baré block. It's the week's second major oil announcement, Infobae reported, after the Chevron, Eni and GE Vernova deals signed Wednesday in Miraflores.

Rodríguez also met that day with oil workers and said the sector employs 71,816 people. Jaime Gilinski, the group's chairman and GeoPark's majority shareholder, thanked her for the trust placed in his company to develop the block, according to the video released by the Presidency.

«We firmly believe in Venezuela. We believe in the recovery capacity of its oil industry, in the talent of its professionals and in the historic moment now opening for the country.»— Jaime Gilinski, September 4, 2026 · watch