Amos Global Energy Management LLC Announce a Purchase of Venezuela Oil and Gas Assets from Sinopec

HOUSTON, TEXAS – Amos Global Energy Management LLC (“AGE”) has entered into a Sale and Purchase Agreement (SPA), with Sinopec for its oil and gas interests in the Gulf of Paria area offshore Venezuela. These rights are held in the Empresa Mixta, or mixed company, called PetroParia.

AGE feels that this purchase will ultimately bring the investments necessary to develop oil and gas production opportunities to Venezuela.

“This acquisition is an addition to our Joint Venture agreement with Inepetrol in the Gulf of Paria. Our effort continues so that we will be ready to increase the country’s production when the existing sanctions are lifted. When that occurs, Venezuela will once again become a strategic partner to ensure energy security in the Western Hemisphere. Further, the oil sector plays a significant role in bringing an economic recovery for Venezuelans,” said Ali Moshiri, President and CEO of Amos Global Energy Management.

The final agreement for this acquisition is conditioned on the approval of both the U.S. Treasury Office of Foreign Assets Control (OFAC) and the Government of Venezuela.

Amos Global Energy Management (“AGE”) is a Delaware corporation and independent upstream oil & gas company based in Houston, TX. The company was founded in 2019 and is led by Ali Moshiri, who was previously President of Chevron Africa and Latin America Exploration and Production Company. AGE seeks to provide investors with superior risk-adjusted returns through its ability to find, acquire and manage superior resource opportunities in Latin America. For additional information, please see: https://www.amosenergygroup.com

Contacts
AGE U.S. Media contact: Amos Global Energy Management LLC
Telephone: (713) 609-9102
E-mail: info@amosenergygroup.com