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Oil Rich Territory

All articles tagged with #oil rich territory

international-relations2 years ago•1 min saved

Venezuela and Guyana Leaders to Discuss Border Dispute

Venezuelan President Nicolas Maduro and Guyana President Mohamed Irfaan Ali are set to meet on December 14th in Saint Vincent and the Grenadines to discuss the ongoing territorial dispute over the oil-rich territory of Esequibo. Tensions have been escalating between the two countries, with Venezuela threatening to annex the area. The meeting, mediated by regional blocs, aims to preserve peace in Latin America and the Caribbean. Guyana has made it clear that its land boundary is not up for discussion.

via Al Jazeera English|

#border-dispute #guyana #international-relations

international-politics2 years ago•5 min saved

Venezuelans Assert Sovereignty in Oil-Rich Guyana Territory

Venezuelans have approved a referendum called by President Nicolás Maduro to claim sovereignty over an oil-rich area of neighboring Guyana, which Venezuela argues was stolen when the border was drawn over a century ago. The referendum, which asked voters about establishing a state in the disputed territory and rejecting the jurisdiction of the United Nations' top court, has raised concerns in Guyana about potential annexation. The practical and legal implications of the referendum remain unclear, but the International Court of Justice has ordered Venezuela not to take any action that would alter Guyana's control over the area.

via NBC News|

#border-dispute #guyana #international-politics

politics2 years ago•3 min saved

Venezuelans Hold Referendum on Disputed Territory with Guyana

Venezuelans are voting in a referendum over a disputed territory with Guyana, which is potentially oil-rich. The referendum includes a question rejecting International Court of Justice (ICJ) jurisdiction to decide the ownership of the territory. President Nicolas Maduro sees the referendum as a show of strength and a test of support for his government. The court has ordered Venezuela to refrain from taking any action that would alter the status quo, but did not explicitly forbid the vote. The territory in question is a 160,000 square km region mostly covered by jungle. Political analysts expect voters to approve the proposal due to the lack of opposition and the likelihood that those opposed will not participate. The referendum is seen as a way for Maduro to test his electoral machinery ahead of the 2024 presidential election.

via Reuters Canada|

#border-dispute #guyana #oil-rich-territory