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Oil Dispute

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international-relations2 years ago

Venezuela's Aggressive Moves in Dispute with Guyana: Annexation and New Map

Venezuela has escalated its dispute with Guyana over oil-rich territories by issuing a decree claiming sovereignty over a large portion of Guyana's maritime space. The move comes after Guyana recently discovered significant oil reserves off its coast, leading to increased tensions between the two South American nations. The territorial dispute has been ongoing for decades, but the recent oil discoveries have raised the stakes, with both countries vying for control over the potentially lucrative resources.