A German oil trader who made a $250mn profit trading Russian oil after Moscow’s assault on Ukraine is expanding in Guyana to tap into its multibillion-dollar oil boom. ‘I’m getting goosebumps,’ the 31-year-old told the FT in a phone interview from Guyana’s capital Georgetown. ‘This is exactly what I was waiting for my whole life. I’m coming into a new market where everything is possible.’
Guyana, a former British colony in South America with a population of about 800,000, is undergoing rapid change following the 2015 discovery by ExxonMobil of about 11bn barrels of oil, one of the largest finds in decades. Crude production has since risen to more than 900,000 barrels per day.
‘I was very surprised because we found a country which has double the resources of Norway and no big western trading groups were really active in that market yet. It all seemed very, very new. So, I decided to pack up and come over here,’ he said.
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A German oil trader who made a $250mn profit trading Russian oil after Moscow’s assault on Ukraine is expanding in Guyana to tap into its multibillion-dollar oil boom. ‘I’m getting goosebumps,’ the 31-year-old told the FT in a phone interview from Guyana’s capital Georgetown. ‘This is exactly what I was waiting for my whole life. I’m coming into a new market where everything is possible.’
Guyana, a former British colony in South America with a population of about 800,000, is undergoing rapid change following the 2015 discovery by ExxonMobil of about 11bn barrels of oil, one of the largest finds in decades. Crude production has since risen to more than 900,000 barrels per day.
‘I was very surprised because we found a country which has double the resources of Norway and no big western trading groups were really active in that market yet. It all seemed very, very new. So, I decided to pack up and come over here,’ he said.
**Read the full story,** [**here**](https://www.ft.com/content/c58370ba-0d31-4320-ad33-7c2236bd23c8?syn-25a6b1a6=1?segmentid=c50c86e4-586b-23ea-1ac1-7601c9c2476f)**.**
Victoria – FT social team
Me: wants to read one single article out of the hundreds – maybe thousands – of articles FT publishes per month
FT: you buy the entire thing for $45/month or you get nothing
There has to be a better way
Is it too late to go long on oil? I am thinking about buying USO calls.