2.5 million barrels in two cargoes, placed from the equity production of two private operators under General License 46.
Houston · Caracas · Since 2021
Where markets are constrained, we execute.
Klingspor Energy Partners is an independent U.S. merchant and principal investment firm focused on Venezuela. Physical crude and products, upstream investments, and special situations, executed in compliance with U.S. law.
Assets in Venezuela are priced for execution.
ConditionsConstrained by compliance, evolving regulations, complex financial architecture, political uncertainty, and access that is more often sold than real.
StandingA track record with counterparties on both sides of the market, standing sanctions counsel on every transaction, and a reputation earned on performance, transparency, and respect.
MandateWe commit capital where we carry the risk, and act for our clients where the position requires.
PartnersU.S. and Venezuelan principals, with careers in both countries at international oil companies, investment banks, funds, and commodity merchants.
ResponsibilityThe firm sponsors six residents of CEREPTA in Los Teques, an institution for adults with severe autism, and funds the maintenance of its facilities.
Trading & Offtake
Physical positions on equity production from private operators.
Standing coverage of the export program and the terminal. Scheduling, nomination, and load-port attendance. Product placed on transparent terms, window to settlement.
Upstream
Interests held in production and oilfield services assets.
Growth capital and structured entries for operating partners. Dealflow originated on the ground for producers, contractors, and funds, with the judgment to tell what is real. Transactions worked directly with the holders, ahead of any process.
Financial Architecture
Structures built and funded for special situations: assets, obligations, and instruments with restricted liquidity.
Trade finance secured on the cargo. Settlement of payables against offtake proceeds. Monetization of commercial receivables. Remediation of platforms and licenses.
Record · 2021–2026
Selected transactions.
All closed.
1.95 million barrels in six cargoes, sold to international trading houses under General License 44. Payments, reporting, and diligence completed as required.
Originated the sale of a 1 tcf gas license, about 167 million boe, by an international oil company.
Originated, structured, and closed the sale of a gas license and a mixed-company interest, about 73 million boe, by an international oil company. Reported to OFAC.
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