Guyana, Venezuela clash over oil reserves
As Guyana continues to chart a course for development resulting from its new-found oil reserves, the country is facing renewed issues with its neighbour Venezuela.
Venezuela and Guyana share a border and have had serious clashes in the past over where territorial lines should be drawn.
Earlier this month, Guyana announced plans to explore oil reserves just off its coast, saying it was going to offer bids to private international oil companies.
This news did not go down well with the Venezuelan government. They called the planning exploration “illegal bidding” saying the reserves are on Venezuela’s side of the border.
Venezuela also noted that any arbitrary concession granted would be “unacceptable” and that “these actions do not generate any type of rights to third parties who participate in such a process.”
The Spanish-speaking nation also said they’ll hold a referendum to get their nation’s view on whether they should defend their sovereignty and fight for the natural resources that line its borders.
In the meantime, Guyana continues to garner support from other countries including the Organization of American States who say they reject Venezuela’s encroachment on Guyana’s territory.
The Caribbean Community (CARICOM) has also defended Guyana, saying that it hopes Venezuela will engage fully in the process before the International Court of Justice, which has determined that it has the jurisdiction over the issues involving both countries.
Guyana has become the new favourite of many countries around the world who are seeking to establish closer ties with the country that is poised to see a growth in its economy due to its oil reserves which are worth trillions of dollars.
The BVI has sought to establish their own ties with Guyana and has even offered to drop visa restrictions for Guyanese as the territory seeks to cash in on the financial services boom that is forecast for Guyana.
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Send Deputy Premier down to Guyana to arbitrate, Job done.
I beg to differ. Send bishop cline with his copy machines to see how he can benefit from them trillions to be made.
The map that you show contains wrong borders between Guyana-Suriname. There is another disputed area there that is unresolved since colonial times. it is misleading to show that area as belonging to Guyana.it must be shown as disputed at least to remain neutral.
is the only solution to this ‘clash’. The best navy will win the war.
Now that they won the CPL finals to become Champs everybody vex ,and the trinis couldn’t take the loss LMAO!! Guyana on the rise
CARRY THEM TO A WORLD COURT WHERE AMERICA HAS ALL THE INFLUENCE?
America soon going try infiltrate GT they BEEN eyeing Venezuela.
WAr in East war in the south
Funny isn’t it? All that rhetoric about carbon reduction, green energy and climate change. Wave some dollars around and all those ideals are dropped like hot coal.
Venezuela heads can’t even feed and manage their own people, what do you think will happen after all the oil done? That part of guyana will starve like the Venezuelan too, then Dutch will be the next target
Just make sure alyuh bombs don’t land in trinidad please because I will be personally calling Putin
Some Trini take yuh man or woman how we reach in that ,Dont mek yuh eyes pass we ok!
Putin self might be there backing Venezuela lol
Venezuela greedy bad. They have the largest oil deposit in the world and they still want more. Stupps.
Give unto Venezuelan what belongs to Venezuelan.!
Ship all them Venezuelans back.
Leave the bar girls though! LOL
Thats not a war, thats advantage, game, set and match Venezuela