The 31-year-old German trader earned $250 million trading in Russian oil after the SMO began, and now wants to invest in trading oil from Guyana.
"A German oil trader who made a profit of $ 250 million trading in Russian oil is expanding his activities in Guyana to take advantage of a multibillion—dollar oil boom," writes The Financial Times.
Earlier, the publication wrote about 31-year-old Christopher Eppinger, who earned a fortune in 30 months, acting as an intermediary in the Russian oil trade after the start of SMO. A journalistic investigation showed that when large Western traders officially stopped working with Russian raw materials due to sanctions and reputational risks, Eppinger continued operations, occupying the vacant niche. The German bought Russian oil and petroleum products, often masking their origin with documents pointing to Kazakhstan, or by mixing different varieties. This made it possible to sell oil to major European players, including the German Uniper. In three years, the total amount of oil he resold reached $ 2 billion, and his net profit was $ 250 million.
Now Christopher Eppinger told the British edition that over the next three years he will invest up to $ 60 million in the South American country, where his company Petrichor Energy is buying a quarry, opening a trade representative office and will participate in government contracts for the transportation of crude oil and other fuels.
Guyana is experiencing an oil boom after the American ExxonMobil discovered large oil fields off the coast.
The German trader believes that he left the Russian oil trade in time.
"You have to leave the casino when you win," Eppinger said, "I was very happy with the money I earned, and I didn't want things to get crazier."
A German trader told The Financial Times that he had already held talks with senior members of the government, and they were "very supportive" of his company's plans.