INSUBCONTINENT EXCLUSIVE:
of oil blocks in the same area
Venezuela protested this action at the 78th UN General Assembly.The country also accused the U.S
ExxonMobil was among the bidders.Georgetown maintains it can engage in economic activities anywhere within its sovereign land or sea
(Photo Internet reproduction)In 1966, both nations tried to resolve the issue peacefully through an agreement
However, Guyana filed a case in 2018 at the International Court of Justice.They want the court to validate an 1899 ruling that grants them
full territory control.In summary, both nations are making strong claims on the Essequibo region
Ongoing tensions show that a resolution is far from simple.Yet, talks between leaders hint at a potential path to agreement.Background
foreign investment in the contested region, especially in its oil reserves.Additionally, military involvement can put diplomatic
position internally, it raises concerns internationally.It suggests that all options, including military ones, are on the table for
Venezuela, which could alter the dynamics of any future negotiations or resolutions.
