Venezuela’s recent claim on Guyana’s maritime territory is a “legal absurdity” and US oil firm ExxonMobil will continue to work as scheduled, President David Granger has said. Labeling Caracas’ claim as the worst intrusion the country has ever had on its sovereignty, the President said his government has made its position on the claim by Venezuela clear to the oil company.
British High Commissioner to Guyana, James Gregory Quinn has dismissed Venezuela’s most recent claim on Guyana’s oil rich Essequibo Coast, stating that it lacks solid grounds. Venezuela’s President Nicholas Maduro on May 27 signed a decree that now claims an entire portion of Guyana’s territory into the Atlantic Ocean and includes the Stabroek Block where a significant portion of oil was recently discovered by US oil giant, ExxonMobil.
Guyana is turning to the United Nations to reach a legal settlement in its border dispute with Venezuela, describing Caracas’ claim of a portion of maritime space where oil was recently discovered as “a baseless and shameless attempt” at usurping Guyana’s territory.
Mercosur and Unasur member Venezuela is again bullying neighboring Guyana by issuing a presidential decree claiming more than two-thirds of the former British colony territory including the maritime area where ExxonMobil recently found a significant oil deposit.
Former army brigadier David Granger was sworn in as Guyana's new president on Saturday after his multiracial opposition coalition narrowly won a national election, heralding a new chapter in the ethnically-divided.
Exxon Mobil Corp has discovered oil off the coast of Guyana, the company and the South American nation's government said on Thursday, potentially inflaming a long-running territorial dispute with neighboring Venezuela.
Guyana voted Monday in early elections pitting embattled President Donald Ramotar against an upstart opposition alliance seeking to unite voters across racial lines with its calls to end corruption.
Exxon Mobil says plans are in place to start exploratory drilling in Guyana this month. In a release it was disclosed that the Guyana Minister of Natural Resources Robert Persaud, met with Chuck Calavan, ExxonMobil Vice President of US and Latin America and Jeff Simon, Country Manager, ESSO.
The governments of Guyana, the United States, Peru and Uruguay confirmed this week to the General Secretariat of the Organization of American States (OAS) their consent to receive on site visits as part of the Fifth Round of the Mechanism for Follow-up on the Implementation of the Inter-American Convention against Corruption (MESICIC) of the OAS.
The United States of America, Canada, and the United Kingdom have welcomed Guyana's President Ramotar’s announcement that national and regional elections will be held in Guyana on May 11, 2015. Elections are a critical first-step towards the return of a fully functioning Parliament.