GPB Global Resources is a global group of companies that develops different mineral and petroleum projects throughout South America, the Middle East, and Africa. GPB Global Resources specializes in helping acquire different mineral resources, while also helping companies develop their own natural resources. GPB Global Resources also helps project financing for infrastructure development in emerging markets.
The Special Envoy of the President of The Russian Federation for Cooperation with Africa, Mikhail Margelov, visited Mali to meet with the government to discuss a working agreement between Mali and Russia. GPB started brainstorming different mining opportunities in Mali. GPB decided to work at the Barilla concession. The Barilla project will take place in Southern Mali.
GPB created GPB Chad Minerals SARL to represent the Republic of Chad. The company also initiated dialogue with the Mines of Chad and the Ministry of Geology. The Ministry of Geology and GPB Minerals signed a 5 year license agreement, which gives GPB Minerals SARL the authority to perform exploration works. The President of Chad, General Idriss Deby Itno, eventually signed a decree to support the agreement.
GPB’s Executive Director for Corporate Communications Sergey Tagashov says that the company had an agreement in place to explore a potential petroleum project in Ethiopia. The investment will primarily focus on drilling test wells in the Afar region of East Africa. The company will also conduct surveys. Ethiopia is looking for new sources of revenue to balance out a trade deficit. No oil or gas has been produced in Ethiopia.
GPB Global Resources is partnering with Gazprombank Latin America Ventures B.V. to develop an oil project at The Lagunillas Tierra and Bachaquero Tierra fields in Venezuela. The fields are located in Western Venezuela. GPB and Gazprombank plan to use the recent technological advancements to help increase oil production in the region.
GPB Global Resources is looking into potential projects at the Toulouk-2 license area. The company plans to drill multiple wells in the area.